Shares of Jabil Inc. dropped greater than 12% within the after-hours session Tuesday after the maker of electronics parts and different supplies lowered its quarterly and financial 2024 income outlook, saying demand for its services and products has softened.
Jabil JBL mentioned it expects fiscal 2024 income of about $31 billion, down 7% from the midpoint of its earlier steerage. Analysts polled by FactSet count on yearly income of $33.9 billion for the corporate.
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