Reported 9 months ago
Contract electronics manufacturer Jabil has faced a challenging year on the stock market, with shares falling despite better-than-expected results in the fiscal 2024 third-quarter report. While Jabil's revenue exceeded guidance, weakness in certain markets led to a decline in share prices. However, the company's focus on artificial intelligence (AI) presents a potential growth opportunity, with expectations of increased demand for connected devices like smartphones and AI data centers. Analysts predict a 12% annual earnings growth rate for Jabil over the next five years, making it an attractive investment prospect despite current setbacks.
Source: YAHOO