Jabil Q2 Earnings Beat Estimates Amid Cloud And Data Center Growth, Stock Surges On Upbeat Outlook

On Thursday, Jabil Inc. (NYSE:JBL) reported second-quarter adjusted earnings per share of $1.94, beating the analyst consensus estimate of $1.83. Quarterly sales of $6.73 billion outpaced the analyst consensus estimate of $6.408 billion.

Regulated Industries revenue increased by 8% year over year, Intelligent Infrastructure revenue grew by 18% year over year, and Connected Living & Digital Commerce revenue decreased by 13% year over year.

The company exited the quarter with cash and equivalents worth $1.592 billion, with an adjusted free cash flow of $261 million.

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