LONDON, UK / ACCESSWIRE / July 11, 2018 / If you want access to our free earnings report on Jabil Inc. (NYSE: JBL), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JBL. The Company reported its financial results on June 14, 2018, for the third quarter of the fiscal year 2018 (Q3 FY18). The Company's net revenues and core earnings per share (EPS) rose on a y-o-y basis in Q3 FY18, beating analysts' consensus estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Jabil most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

Jabil reported net revenues of $5.44 billion in Q3 FY18, rising from $4.49 billion in the prior year's comparable quarter. The Company's net revenue numbers for the reported quarter topped market forecasts of $4.9 billion.

The St. Petersburg, Florida-based Company reported a GAAP net income of $42.54 million, or $0.25 per diluted share, in Q3 FY18 compared to a GAAP net loss of $25.28 million, or $0.14 loss per diluted share, in the previous year's corresponding quarter. During Q3 FY18, the Company's non-GAAP core earnings rose to $79.62 million, or $0.46 per diluted share, from $57.11 million, or $0.31 per diluted share, in Q3 FY17. Moreover, the Company's non-GAAP core earnings also outperformed market expectations of $0.45 per diluted share.

Operating Metrics

The electronics manufacturer spent $5.04 billion on cost of revenues in Q3 FY18 compared to $4.16 billion in Q3 FY17. The Company's gross profit rose to $398.23 million in Q3 FY18 from $326.42 million in the year ago same period.

Jabil's selling, general, and administrative expenses (SG&A) came in at $252.49 million in the reported quarter versus $233.88 million in Q3 FY17. The Company's research and development (R&D) cost increased to $10.08 million in Q3 FY18 from $7.27 million in Q3 FY17. Moreover, the Company's core operating income came in at $150.06 million in Q3 FY18, rising from $113.81 million in Q3 FY17.

Segment Results

During Q3 FY18, the electronic supplier's Diversified Manufacturing Services (DMS) segment's revenues surged 36% to $3.16 billion y-o-y from $2.82 billion in Q3 FY17. The segment's income came in at $121.56 million in the reported quarter versus $109.78 million in the year ago comparable quarter.

Jabil's Electronics Manufacturing Services (EMS) segment's revenues grew 12% to $2.28 billion in Q3 FY18 from $1.67 billion in Q3 FY17. The segment's income was $28.50 million in Q3 FY18 compared to $4.02 million in Q3 FY17.

Cash Matters

Jabil's cash provided by operating activities fell to $194.85 million in the first nine months of FY18 from $533.02 million in the prior year's corresponding period. Jabil had cash and cash equivalents worth $677.49 million at the close of its books on May 31, 2018, compared to $1.19 billion as on August 31, 2017.

Outlook

In its guidance for the fourth quarter of the fiscal year 2018 (Q4 FY18), the Company anticipates net revenues to grow by 8% y-o-y and forecasts it to be in the range of $5.2 billion to $5.6 billion. The Company oversees a consistent revenue from its DMS segment in Q4 FY18; while a revenue growth of 13% y-o-y is expected for its EMS segment in the upcoming quarter.

For Q4 FY18, the Company's GAAP operating income is expected to be between $144 million and $199 million. Jabil's management forecasts GAAP net income per diluted share to be in the band of $0.38 to $0.65 for Q4 FY18. Furthermore, the Company's core earnings per diluted share are anticipated to be between $0.56 and $0.80 for Q4 FY18.

Stock Performance Snapshot

July 10, 2018 - At Tuesday's closing bell, Jabil's stock slightly rose 0.80%, ending the trading session at $29.05.

Volume traded for the day: 1.71 million shares.

Stock performance in the last three-month - up 1.68%; previous six-month period - up 7.27%; and year-to-date - up 10.67%

After yesterday's close, Jabil's market cap was at $4.75 billion.

Price to Earnings (P/E) ratio was at 23.54.

The stock has a dividend yield of 1.10%.

The stock is part of the Technology sector, categorized under the Printed Circuit Boards industry. This sector was up 0.2% at the end of the session.

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