Jabil Raises Sales And Profit Outlook, Announces $500 Million Investment To Expand Footprint

Jabil Inc. (NYSE:JBL) stock on Tuesday gained after reporting third-quarter results that exceeded analyst expectations for both earnings per share and sales.

This positive performance was further bolstered by an optimistic outlook for the upcoming quarter and fiscal year 2025, and a significant investment announcement for expanding its footprint in the Southeast United States, specifically to support cloud and AI data center infrastructure customers.

The company reported quarterly adjusted earnings per share of $2.55, beating the analyst consensus estimate of $2.31. Quarterly sales of $7.83 billion outpaced the analyst consensus estimate of $7.06 billion.

Also Read: SoFi Technologies, Jabil And A Financial Stock On CNBC’s ‘Final Trades’

Regulated Industries revenue grew at a flat rate year over year (Y/Y), Intelligent Infrastructure revenue grew by 51% Y/Y, and Connected Living & Digital ...