Why Jabil Stock Soared on Wednesday
This Wednesday was eventful for investors in Jabil (NYSE: JBL). Following a strong earnings report, the electronics design and manufacturing veteran's shares opened the morning session 12% higher. The stock cooled down a bit during the day, stopping at a 7.3% gain by the closing bell.
Jabil's first-quarter revenues fell 17% year over year, landing at $6.99 billion. The adjusted bottom-line metric of core earnings fell 23% to $2 per diluted share. That may sound like a weak performance, but Wall Street had expected worse. Your average analyst would have settled for adjusted earnings near $1.88 per share on sales in the neighborhood of $6.61 billion.
Of course, Jabil sold its mobility division to Chinese mobile devices maker BYD Electronic a year ago. This report will be the last period of difficult year-over-year comparisons, as the BYD Electronic deal reduced Jabil's quarterly revenues by approximately 5%.
Source Fool.com
BYD Co. Ltd Aktie
Die BYD Co. Ltd Aktie erhält starke Unterstützung mit mehreren Buy- und keiner Sell-Einschätzung.
Das von der Community festgelegte Kursziel für BYD Co. Ltd von 15 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 10.5 €.
