Jabil (JBL) Q3 Earnings Beat Estimates, Top Line Falls Y/Y
Jabil(JBL) ZACKS·2024-06-20 23:45
Jabil Inc. (JBL) reported relatively modest third-quarter fiscal 2024 results, with both the bottom and top line surpassing the Zacks Consensus Estimate. However, weakness in multiple end markets, including networking, storage, industrial & semi cap, retail, 5G wireless & cloud, led to a revenue contraction year over year. Growth in the auto & transportation end market partially cushioned the top line.Net IncomeNet income on a GAAP basis in the quarter was $129 million or $1.06 per share compared with $233 ...