Jabil +2.3% on Q3 beats, upside revenue guidance

|About: Jabil Inc. (JBL)|By:, SA News Editor

Jabil (NYSE:JBL) shares are up 2.3% aftermarket on Q3 results that beat EPS and revenue estimates with a 21% Y/Y revenue growth. Q4 guidance has upside revenue of $5.2B to $5.6B (consensus: $5.19B) and in-line EPS of $0.56 to $0.80 (consensus: $0.68).

Key metrics: Cash flow from operating activities, $144M; cash and equivalents, $677.5M; SG&A spend, $252.5M; R&D spend, $10.1M. 

Share repurchase: Jabil’s board approves an additional repurchase program of up to $350M in common stock. Authorization expires August 31, 2019. 

Earnings call was scheduled for 4:30 PM Eastern with a webcast/replay available here

Press release.    

Previously: Jabil beats by $0.01, beats on revenue (June 14)