JabilNYSE: JBL

Weakness in some of Jabil's end markets such as automotive and medical has weighed on the stock this year. The company could get a boost thanks to the growing adoption of AI in data centers and smartphones.

Jabil Inc. beat Q3 earnings estimates on the top and bottom lines, showing resilience despite recent challenges. Company repositioning towards data center business, aiming to improve margins and revenue growth. Valuation still indicates caution, with uncertainties in end markets and slow growth projections for FY25.

Jabil (JBL) reports a top-line contraction year over year in the third quarter of fiscal 2024, owing to weakness in several verticals. Solid growth in free cash flow is a tailwind.

Jabil (JBL) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.99 per share a year ago.

Electronic components maker Jabil Inc on Thursday posted better-than-expected quarterly results, indicating recovery in demand in its 5G, AI datacenter markets after a sluggish period.

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its third quarter of fiscal year 2024. “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 across multiple end-markets,” said CEO Mike Dastoor. “Despite these moving pieces, we remain on track to deliver 5.6% in c.

Jabil Inc. JBL is set to release third quarter financial results, before the opening bell on Thursday.

Jabil (JBL) is expected to report a top-line contraction year over year in the third quarter of fiscal 2024 due to soft demand in industrial & semi-cap, renewable energy and 5G markets. Efforts to improve cash flow is a positive.

The latest trading day saw Jabil (JBL) settling at $117.75, representing a +0.56% change from its previous close.