2024-02-13 05:34:39 ET
Summary
- Jabil reports a slight decrease in net revenue for Q1 2024 due to softer demand but shows a year-over-year increase in core earnings per share.
- The company's diverse business model, including healthcare, semiconductor equipment, and AI-driven data centers, allows it to remain prominent in the market.
- Jabil's agreement with BYD Electronics boosts its presence in electric vehicles and sustainable energy sectors, suggesting long-term growth potential.
- The stock price has formed a bullish foundation and broken the bullish pennant, looking for a substantial price increase.
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Jabil Poised For Significant Growth In 2024 (Technical Analysis)