Jabil: Fiscal Q1 Earnings Snapshot
By AP News
Published - Dec 14, 2023, 07:46 AM ET
Last Updated - Dec 21, 2023, 11:52 AM EST
ST PETERSBURG, Fla. (AP) — ST PETERSBURG, Fla. (AP) — Jabil Inc. (JBL) on Thursday reported fiscal first-quarter earnings of $194 million.
The St Petersburg, Florida-based company said it had net income of $1.47 per share. Earnings, adjusted for one-time gains and costs, came to $2.60 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share.
The electronics manufacturer posted revenue of $8.39 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $8.35 billion.
