Strong Results: Jabil Exceeds Forecasts

The St. Petersburg, Florida-based electronics manufacturer Jabil has presented impressive results for the fourth fiscal quarter. With a net profit of 218 million US dollars, the company exceeded expectations. This corresponds to a profit of 1.99 US dollars per share. After adjustments that exclude one-time gains and costs, the profit even reached 3.29 US dollars per share. The results achieved by Jabil surpassed Wall Street forecasts. According to a survey by Zacks Investment Research, analysts on average had expected a profit of 2.95 US dollars per share. Jabil also scored in terms of revenue with 8.25 billion US dollars, significantly above the expected 7.66 billion US dollars. For the entire fiscal year, Jabil achieved a profit of 657 million US dollars, which corresponds to 5.92 US dollars per share, and generated revenue of 29.8 billion US dollars. For the coming quarter, which ends in November, the company projects a profit per share between 2.47 and 2.87 US dollars. The expected revenue is between 7.7 and 8.3 billion US dollars. For the entire coming year, Jabil plans for a profit of 11 US dollars per share and anticipates revenue of 31.3 billion US dollars.