Jabil Circuit (JBL) said before open Tuesday that it earned $2.34 per share in quarter four 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $9 billion, beating estimates by $640 million.
In the same quarter a year ago, the company earned $1.44 per share on revenue of $7.4 billion.
The stock is up 3.06% to $57.89 after the report.
Jabil Circuit's earnings expanded faster than revenues, signaling widening profit margins.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 63. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.
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Jabil Circuit Up 3.06% To $57.89 After Earnings Beat
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