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Jabil Inc. (JBL) revealed a profit for its fourth quarter that climbed from the same period last year.


RTTNews | Sep 24, 2020 08:06AM EDT

08:06 Thursday, September 24, 2020 (RTTNews.com) - Jabil Inc. (JBL) revealed a profit for its fourth quarter that climbed from the same period last year.

The company's bottom line totaled $67.73 million, or $0.44 per share. This compares with $52.68 million, or $0.34 per share, in last year's fourth quarter.

Excluding items, Jabil Inc. reported adjusted earnings of $151.37 million or $0.98 per share for the period.

Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.1% to $7.30 billion from $6.57 billion last year.

Jabil Inc. earnings at a glance:

-Earnings (Q4): $151.37 Mln. vs. $137.89 Mln. last year.-EPS (Q4): $0.98 vs. $0.88 last year.-Analysts Estimate: $0.66-Revenue (Q4): $7.30 Bln vs. $6.57 Bln last year.

-Guidance:Next quarter EPS guidance: $1.15 - $1.35Next quarter revenue guidance: $6.7 - $7.3 Bln

Read the original article on RTTNews ( https://www.rttnews.com/3131247/jabil-inc-q4-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved






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