Jabil, based in St. Petersburg, reported a fiscal third-quarter adjusted EPS of $3.16 for the period ending August 31, 2023, surpassing the Zacks Consensus Estimate of $3.12 and up from $2.55 a year ago. The company achieved revenue of $8.75 billion, exceeding expectations by 1.39% and increasing from $7.83 billion in the same quarter last year. This marks the fourth consecutive quarter Jabil beat both EPS and revenue estimates.
Following the earnings report, Jabil’s shares rose nearly 10% in early trading. The company raised its full-year fiscal 2026 revenue outlook to approximately $35 billion, with a core EPS of $12.70 and projected free cash flow exceeding $1.4 billion. For the fourth quarter, Jabil expects revenue between $9.2 billion and $10.0 billion and core EPS between $3.80 and $4.20, indicating strong momentum as it capitalizes on robust demand for artificial intelligence infrastructure.
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