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Jabil Stock Drops After Earnings. Why There’s Good News for Apple.

Karishma Vanjani
·2 min read
Jabil Stock Drops After Earnings. Why There’s Good News for Apple.

Stock in Jabil a large supplier of electronic parts, including to Apple fell hard on Thursday after management called out “softness” in several markets. The Florida-based company posted $1.89 per share in core adjusted earnings for its third fiscal quarter, ended in May, beating the consensus forecast of $1.85 among analysts tracked by FactSet who cover the stock. Jabil’s stock surged as much as 6.8% in premarket trading on Thursday, but fell shortly after an investor call with management to discuss the results.

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