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Jabil Earnings: JBL Stock Jumps 5% on Q4 Beat

William White

Jabil (NYSE:JBL) earnings for its fiscal fourth quarter of 2019 has JBL stock heading higher on Tuesday. This comes from the manufacturing company’s per-share earnings of 88 cents, which beats out Wall Street’s earnings estimate of 86 cents per share. However, revenue of $6.57 billion for the period did miss analysts’ estimate of $6.61 billion.

Jabil Earnings: JBL Stock Jumps 5% on Q4 Beat

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Now for some more highlights from the most recent Jabil earnings report.

  • EPS for the fiscal fourth quarter was up almost 26% YoY from 70 cents.
  • The company’s revenue for the quarter was up close to 14% from $5.33 billion last year.
  • Operating income for the quarter was up roughly 23% to $189.75 million from $153.90 million in 2018.
  • The Jabil earnings report also sees net income climb almost 200% YoY to $53.76 million from a net loss of -$56.61 million.

“I’m thrilled with our FY19 results, highlighted by outstanding operational execution, strong free cash flow generation and double-digit core EPS growth,” says Jabil CEO Mark Mondello. “As expected, our revenue was driven higher by targeted end-markets in the areas of 5G, cloud, energy and healthcare.”

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The Jabil earnings report also includes its outlook for the fiscal first quarter of 2020. The company is expecting core earnings per share to range from 82 cents to $1.04 with revenue coming in between $6.65 billion to $7.35 billion. That has its mid per-share earnings matching Wall Street’s estimate of 93 cents. It also has the midpoint of the company’s revenue guidance above analysts’ estimate of $6.85 billion.

JBL stock was up 5.20% as of Tuesday afternoon. The stock is also up 26.50% year-to-date.

As of this writing, William White did not hold a position in any of the aforementioned securities.

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