Previous close | 40.53 |
Open | 47.94 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 75.00 |
Expiry date | 2024-06-21 |
Day's range | 47.94 - 47.94 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Jabil (JBL) reports a top-line contraction year over year in the third quarter of fiscal 2024, owing to weakness in several verticals. Solid growth in free cash flow is a tailwind.
Stock in Jabil a large supplier of electronic parts, including to Apple fell hard on Thursday after management called out “softness” in several markets. The Florida-based company posted $1.89 per share in core adjusted earnings for its third fiscal quarter, ended in May, beating the consensus forecast of $1.85 among analysts tracked by FactSet who cover the stock. Jabil’s stock surged as much as 6.8% in premarket trading on Thursday, but fell shortly after an investor call with management to discuss the results.
Jabil (JBL) delivered earnings and revenue surprises of 2.16% and 3.98%, respectively, for the quarter ended May 2024. Do the numbers hold clues to what lies ahead for the stock?