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Jabil Analysts Slash Their Forecasts Following Q3 Results

Jabil Inc. (NYSE:JBL) posted better-than-expected third-quarter results on Thursday. Jabil reported third-quarter fiscal 2024 revenue of $6.77 billion, down by 20.2% year-on-year, beating the analyst consensus estimate of $6.53 billion. The print manufacturing company’s adjusted EPS of $1.89 beat the analyst consensus of $1.85, according to data from Benzinga Pro. "It's clear that Jabil has navigated a period of significant transformation this fiscal year: a year in which we divested our Mobility business, captured growth in the AI datacenter space, and experienced softness ...