For the third quarter, Jabil reported revenues of $5.4 billion and a net income of $42.5 million. GAAP diluted EPS was $0.25 and core diluted EPS was $0.46. The Diversified Manufacturing Services segment posted a YoY revenue growth of 36% while the Electronics Manufacturing Services segment posted a growth of 12%. This growth trend is expected to continue in the fourth quarter also giving a boost to the topline.
The company has beaten market estimates consistently and is expected to do so this time too
During its last call, the circuit board maker provided an outlook on revenues of $5.2 billion to $5.6 billion for the fourth quarter. GAAP EPS is expected to come in between $0.38 and $0.65 while core diluted EPS is expected to come in between $0.56 and $0.80.
The stock movement is likely to fluctuate depending on whether the results meet or miss expectations. The overall sentiment around the company’s earnings appears to be positive. The stock is up 13% so far this year and looking at the past three months, the stock is up 5%. Shares of Jabil opened flat during Monday’s regular trading session.