Jabil (JBL) reports Q1 revenue of $4.6 bln, vs. the analyst consensus of $4.47 bln on Capital IQ. Core EPS was $0.51, vs. expectations of $0.54 per share.
The company also announced the approval of a $200 million stock buyback authorization.
For Q2, the company guides for revenue of $3.5 to $3.7 bln and a GAAP loss of $0.20 to $0.06 per share. Adjusted earnings are seen at $0.05 to $0.15 per share. The Street view is $4.27 bln in revenue and a GAAP profit of $0.35 per share and non-GAAP earnings of $0.51 per share.
Separately, the company said it entered a deal with iQor Holdings to sell its aftermarket services business for $725 million.
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