Jabil (JBL) Q2 Earnings Beat Estimates Despite Lower Revenues

Jabil Inc. (JBL) reported mixed second-quarter fiscal 2024 results, with the bottom line beating the Zacks Consensus Estimate but the top line missing the same. The company reported a top-line contraction year over year, owing to soft demand trends in several end markets.Net IncomeNet income on a GAAP basis in the quarter was $927 million or$7.31 per share compared with $207 million or$1.52 per share in the prior-year quarter. Despite top line decline, gain from the divestiture of Mobility business suppor ...