JBL - Jabil scales 3% after giving FQ1 earning beat

Jabil (NYSE:JBL) reports Q1 revenue of $8.6B, up 9.3% Y/Y beats consensus by $280M. Diversified Manufacturing Services (or DMS) Y/Y revenue growth of 11% Electronics Manufacturing Services (or EMS) Y/Y revenue growth of 7% percent GAAP operating income of $350M and Non-GAAP operating income of $400M GAAP EPS of $1.63 and Non-GAA Non-GAAP EPS of $1.92 beats consensus by $0.12; GAAP EPS of $1.63 beats consensus by $0.05. “Our momentum continues, and I’m thrilled with our teams’ strong performance in Q1,” said Chairman and CEO Mark Mondello. “During the quarter, our financial results were supported by growth in key end-markets and successful management of a very dynamic supply chain environment. Our performance is illustrative of both the power of our talented workforce and the resiliency of our large-scale diversified model, which serves a broad range of end-markets today,” he added. FQ2 Outlook:  Net revenue $7.1B-7.7B (vs. consensus $7.36B); GAAP operating income $266M-326M; Non-GAAP operating income $290M-350M; GAAP EPS

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Jabil scales 3% after giving FQ1 earning beat