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Jabil Lifts Annual Guidance Above View, Pre-Market Stock Up Over 13%

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Jabil Inc. (JBL), an electronics manufacturing company, on Wednesday revised up its annual guidance above analysts' estimates.

For the full year, the company now expects adjusted income per share of $8.75, compared with prior outlook of $8.65 per share. Revenue is now anticipated to be $27.3 billion, higher than earlier guidance for $27 billion.

Analysts, on average polled by Thomson Reuters forecast the firm to earn $8.69 per share, on revenue of $27.04 billion, for the year.

JBL was up by 13.02 percent at $151.40 in the pre-market trade on the New York Stock Exchange.

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