{"id":196414,"date":"2023-11-29T17:39:31","date_gmt":"2023-11-29T17:39:31","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196414"},"modified":"2023-11-29T17:39:31","modified_gmt":"2023-11-29T17:39:31","slug":"jabil-shares-fall-on-lowered-outlook","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/jabil-shares-fall-on-lowered-outlook\/","title":{"rendered":"Jabil Shares Fall On Lowered Outlook"},"content":{"rendered":"
Shares of Jabil Inc. (JBL), a manufacturing and supply chain solutions provider, are falling more than 10% Wednesday morning after the company lowered its first-quarter as well as full-year outlook.<\/p>\n
Jabil now expects revenue to be in the range of $8.3 billion – $8.4 billion for the first quarter, slightly below the low end of its previously announced range.<\/p>\n
Analysts on average, polled by Thomson-Reuters expect revenue of $8.74 billion for the quarter.<\/p>\n
For fiscal 2024, revenue is now expected to be approximately $31 billion, down 7 percent from the midpoint of previous guidance. The consensus estimate stands at $33.7 billion.<\/p>\n
JBL, currently at $116.59, has traded in the range of $64.74 – $141.38 in the last 1 year. <\/p>\n