Jabil (JBL) Q2 Earnings Top, Sales Up in Auto & Transportation

Jabil Inc. (JBL) , one of the largest global suppliers of electronic manufacturing services, reported second-quarter non-GAAP earnings per share of $1.68, surpassing the Zacks Consensus Estimate of$1.65. Cost optimization initiatives and healthy demand in the automotive & transportation end market primarily drove the outperformance. However, the bottom line declined from the year-ago quarter’s tally of $1.88 per share.The company reported revenues of$6.76 billion. The top line fell short of the Zacks Cons ...