Jabil: Fiscal Q3 Earnings Snapshot
ST PETERSBURG, Fla. (AP) — ST PETERSBURG, Fla. (AP) — Jabil Inc. (JBL) on Thursday reported fiscal third-quarter profit of $129 million.
The St Petersburg, Florida-based company said it had net income of $1.06 per share. Earnings, adjusted for restructuring costs and pretax expenses, came to $1.89 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The electronics manufacturer posted revenue of $6.77 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $6.51 billion.
For the current quarter ending in August, Jabil expects its per-share earnings to range from $2.03 to $2.43.
The company said it expects revenue in the range of $6.3 billion to $6.9 billion for the fiscal fourth quarter.
Jabil expects full-year earnings to be $8.40 per share, with revenue expected to be $28.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JBL at https://www.zacks.com/ap/JBL