Categories Earnings, Technology

Jabil tops Q2 earnings, meets revenue estimates

Jabil Inc (JBL) surpassed earnings estimates, while meeting revenue targets for Q2 2019. The company posted earnings of $0.64 per share on revenue of $6.1 billion. Analysts had predicted Jabil to report earnings of $0.61 per share on revenue of $6.1 billion for the second quarter. Shares of Jabil are up about 2% during the extended trading hours.

On a GAAP basis, earnings stood at 43 cents per share. Diversified Manufacturing Services (DMS) revenue decreased 7% compared to the prior year quarter, while Electronics Manufacturing Services (EMS) revenue grew 33% in the recently ended quarter.

For the second quarter, the company had expected net revenue in the range of $5.8 billion to $6.4 billion and earnings in the range of $0.20 to $0.48 per share. Core (non-GAAP) earnings were anticipated to be in the range of $0.51 to $0.71 per share. DMS revenue was predicted to rise 6% and EMS revenue was expected to grow by 23% from the previous year.

Check out the earnings call audios of Jabil here

“As we move into the back half of our fiscal year, our outlook for revenue and core EPS remain strong, supported by strength in our healthcare, retail, cloud and industrial businesses,” said CEO Mark Mondello.

For Q3 2019, Jabil expects revenue to be in the range of $5.7 billion to $6.3 billion. DMS revenue is expeced to decrease 12% year-over-year, while EMS revenue is targeted to increase 27%. GAAP EPS is estimated to be $0.19 to $0.46 and core (non-GAAP) EPS is expected to be in the range of $0.47 to $0.67.

Jabil’s stock value has appreciated 10% so far in this year and depreciated 3% in the past 52 weeks period.


Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Here’s a look at Dollar Tree’s (DLTR) expectations for the remainder of the year

Shares of Dollar Tree Inc. (NASDAQ: DLTR) were down over 1% on Wednesday, a day after the company reported earnings results for the third quarter of 2022. Revenue and earnings

Target Corporation (TGT): A look at how the retail giant is shaping up against an inflationary backdrop

Shares of Target Corporation (NYSE: TGT) were up over 1% on Wednesday. The stock has dropped 30% year-to-date and 35% over the past 12 months. Last week the company reported

Is Zoom Video Communications (ZM) a good investment after Q3 earnings?

Zoom Video Communications (NASDAQ: ZM) expanded its customer base at an accelerated pace during the COVID crisis and soon became the preferred video conferencing platform for businesses and millions of

Add Comment
Viewing Highlight