Jabil Inc. Stock Forecast For 2018: JBL Rises Following Q2 Results With Strong Revenue Growth

  This article was written by Esther Hanon, a Financial Analyst at I Know First  This article was written by Esther Hanon, a Financial Analyst at I Know First

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Source: Glassdoor, March 20th, 2018

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--Stephen Covey

Summary:

  • Jabil’s stock rose more than 10 percent Friday on news of a well-balanced second-quarter performance that beat analysts’ expectations.
  • The company's second-quarter results, released after the close of the market Thursday, included net revenue of $5.3 billion, up more than 19 percent compared with Q1 of 2017.
  • Highlights included 38 percent revenue growth from Jabil’s diversified manufacturing operations and 7 percent growth in revenue from electronics manufacturing
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