Jabil stock tanks 12% as revenue misses estimates

Jabil Inc (NYSE: JBL) is down 12% on Friday after reporting slightly lower-than-expected revenue for its second financial quarter.Jabil stock down on muted guidanceCopy link to sectionInvestors are concerned also because the manufacturing company issued downbeat guidance for the future. $JBL now forecasts its revenue to fall between$6.2 billion and $6.8 billion. Analysts, in comparison, were at$7.4 billion. Kenny Wilson – the chief executive of Jabil Inc said in a press release today:Despite revenue headw ...