- Jabil Inc JBL reported fourth-quarter FY22 revenue growth of 21.9% year-on-year to $9.03 billion, beating the consensus of $8.39 billion.
- Segments: Diversified Manufacturing Services (DMS) revenue grew 13% Y/Y. Electronics Manufacturing Services (EMS) revenue improved 32% Y/Y.
- Jabil's non-GAAP EPS of $2.34 beat the consensus of $2.14.
- Jabil held $1.48 billion in cash and equivalents.
- Buyback: Jabil's Board approved a share repurchase program of up to $1 billion.
- Outlook: Jabil sees Q1 revenue of $9.00 billion - $9.60 billion, above the consensus of $8.93 billion.
- Jabil sees non-GAAP EPS of $2.00 - $2.40 versus the consensus of $2.10.
- Price Action: JBL shares traded higher by 3.74% at $58.26 in the premarket session on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
