Jabil (JBL) stock down after earnings and guidance disappoints
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Jabil Posts Second Quarter Results
March 15, 2024 7:45 AM EDTST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its second quarter of fiscal year 2024.
Despite revenue headwinds this year, which are expected to be short-term, Im pleased with the resiliency of our model and our teams demonstrated ability to execute, said CEO Kenny Wilson. Even under these conditions, we expect to deliver strong core operating margins and free cash flow in FY24, he added.
Second Quarter of Fiscal Year 2024 Highlights:
Net revenue: $6.8 billion U.S. GAAP operating... More