Shares of Jabil Inc. (JBL), a manufacturing and supply chain solutions provider, are falling more than 10% Wednesday morning after the company lowered its first-quarter as well as full-year outlook.
Jabil now expects revenue to be in the range of $8.3 billion - $8.4 billion for the first quarter, slightly below the low end of its previously announced range.
Analysts on average, polled by Thomson-Reuters expect revenue of $8.74 billion for the quarter.
For fiscal 2024, revenue is now expected to be approximately $31 billion, down 7 percent from the midpoint of previous guidance. The consensus estimate stands at $33.7 billion.
JBL, currently at $116.59, has traded in the range of $64.74 - $141.38 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.