Why Jabil Stock Dropped 12% Today

Jabil (JBL -16.43%) stock tumbled 12.5% through 10:20 a.m. ET Friday morning after the stock reported mixed earnings and gave weak guidance in its fiscal Q2 2024 financial report.Heading into the earnings report, analysts had forecast that Jabil would earn $1.66 per share on$6.9 billion in quarterly sales. Jabil beat the earnings number with a "core" profit of $1.68, but missed on sales, reporting$6.8 billion. Jabil Q2 earningsAt the same time, Jabil reported much stronger earnings as calculated according ...