Jabil (JBL) Q1 Earnings And Revenues Surpass Estimates
Zacks Investment Research | Dec 15, 2017 07:38AM ET
Jabil Inc. (NYSE:JBL) reported better-than-expected fiscal first-quarter 2018 results wherein both the top and the bottom line surpassed the Zacks Consensus Estimate and recorded year-over-year improvement.
The company reported earnings of 80 cents per share, which beat the Zacks Consensus Estimate of 78 cents and were much higher than the prior-year quarter’s figure of 69 cents.
Revenues increased 9.4% year over year to $5.586 billion and outpaced the Zacks Consensus Estimate of $5.499 billion as well.
Electronics Manufacturing Services (EMS) revenues were up 6% year over year which translates to nearly $2.9 billion (representing 51% of revenues).
Diversified Manufacturing Services (DMS) revenues increased 13% year over year which translates to approximately $2.7 billion (representing 49% of revenues).
Notably, shares of Jabil have gained 15.9% year to date, outperforming the Zacks Investment Research
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