Results for: Jabil

Jim Cramer, the renowned host of CNBC’s ‘Mad Money,’ shared his insights on three companies during his Lightning Round segment. Cramer recommended buying shares of Jabil Inc. (JBL), praising the company’s strong performance and share buyback program. He advised caution regarding MeiraGTx Holdings plc (MGTX), suggesting investors speculate on its potential but be prepared for the possibility of limited returns. Meanwhile, Cramer expressed optimism about SoFi Technologies, Inc. (SOFI), highlighting its impressive third-quarter earnings and revenue growth.

Jabil Inc., a leading manufacturer of electronics and diversified products, reported a decline in fourth-quarter revenue but exceeded analysts’ expectations for both revenue and earnings per share. The company remains optimistic about its long-term growth prospects and has authorized a share repurchase program of up to $1 billion.

Jabil Inc. (JBL) is set to report its fourth-quarter earnings on Thursday, Sept. 26. Analysts forecast a decline in both earnings and revenue compared to the previous year. Despite the anticipated slowdown, several analysts maintain positive ratings on the stock, citing the company’s expanding capabilities in next-generation technologies.

Jabil Inc. (JBL), a global leader in electronic manufacturing services, is expected to report a revenue decline in its fourth quarter of fiscal 2024 due to weak demand in several key markets. However, the company’s focus on operational efficiency and AI integration is likely to support profitability.