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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">In the latest financial disclosures, Jabil Inc. (NYSE: JBL), a leading provider of comprehensive engineering, manufacturing, and supply chain solutions, unveiled its <a href="https://www.businesswire.com/news/home/20240315498144/en/Jabil-Posts-Second-Quarter-Results" class="deco-link" target="_blank" rel="nofollow">second-quarter results</a> for the fiscal year 2024, illustrating a robust performance amid challenging market conditions.</p> 
<p>Jabil Inc. reported a net revenue of $6.8 billion for the second quarter, which fell short of the previous year’s revenue. However, the company’s ability to maintain a solid U.S. GAAP operating income of $1.1 billion and deliver U.S. GAAP diluted earnings per share of $7.31 is a testament to its business model’s strength and its operational strategies’ effectiveness. <br><br>This firm also reported a core operating income (Non-GAAP) of $338 million and core diluted earnings per share (Non-GAAP) of $1.68, slightly lower than the expected $1.69.</p> 
<h3 id="jabil-inc-misses-q2-eps-expectations-by-0-01">Jabil Inc. Misses Q2 EPS Expectations by $0.01</h3> 
<p>Comparing Jabil’s current performance against market expectations reveals a nuanced picture. Analysts had pegged the company’s earnings per share (<a href="https://tokenist.com/investing/how-to-value-a-stock/" class="deco-link">EPS</a>) at $1.69 and revenue forecasts at $6.97 billion for the quarter. Jabil missed the EPS expectations with a core diluted EPS of $1.68 and fell slightly short on revenue, posting $6.8 billion. <br><br>This slight deviation from revenue expectations can be attributed to the short-term revenue headwinds acknowledged by CEO Kenny Wilson. </p> 
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<h3 id="jabil-inc-posts-weak-guidance-for-fiscal-q3">Jabil Inc. Posts Weak Guidance for Fiscal Q3</h3> 
<p>Looking ahead, Jabil guided for the third quarter of the fiscal year 2024, projecting net revenue to range between $6.2 billion and $6.8 billion. Furthermore, the company expects core operating income (Non-GAAP) to be between $325 million and $385 million, with core diluted earnings per share (Non-GAAP) ranging from $1.65 to $2.05. This guidance reflects a cautious but optimistic outlook, considering the ongoing adjustments and the divestiture of the Mobility business, indicating Jabil’s strategic realignment and focus on core competencies.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/jabil-inc-jbl-misses-eps-forecasts-in-q2-shares-dip-on-weak-guidance/">Jabil Inc. (JBL) Misses EPS Forecast in Q2, Shares Dip on Weak Guidance</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Jabil Inc. (JBL) Misses EPS Forecast in Q2, Shares Dip on Weak Guidance

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