• Tue. Oct 20th, 2020

Dimancherouge

Technology

Jabil Jumps After Apple Supplier Beats Q4 Earnings Forecast

Jabil Inc.  (JBL) – Get Report shares traded higher Thursday after the Apple  (AAPL) – Get Report supplier posted stronger-than-expected fourth quarter earnings and a robust near-term outlook.  

Jabil, which makes casings for Apple’s iPhones and iPads, said earnings for the three months ending in August were pegged at 98 cents per share, up 11.4% from the same period last year and firmly ahead of the Street consensus forecast of 67 cents per share. Group revenues, Jabil said, rose 11% to $7.3 billion, again topping analysts’ estimates of a $6.3 billion tally.

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