Jabil (JBL) reported earnings on Thur 14 June 18 (a/h)

** charts after earnings **

  

Jabil beats by $0.02, beats on revs; guides Q4 EPS in-line, revs above consensus; issues upbeat 2018 and 2019 core EPS guidance 

• Reports Q3 (May) earnings of $0.46 per share, excluding non-recurring items, $0.02 better thanthe Capital IQ Consensus of $0.44 and company guidance of $0.35-$0.55; revenues rose 21.1% year/year to $5.44 bln vs the $4.9 bln Capital IQ Consensus and company guidance of $4.75-$5.05 bln.
• Co issues guidancefor Q4, sees EPS of $0.56-$0.80, excluding non-recurring items, vs. $0.68 Capital IQ Consensus Estimate; sees Q4 revs of $5.20-$5.60 bln vs. $5.19 bln Capital IQ Consensus Estimate.
• "Based on our strong year-to-date results and the guidance we're providing today for the fourth fiscal quarter, we now expect fiscal 2018 revenue and core earnings per share growth of 14 percent and 23 percent, respectively, as we deliver on our core earnings per share target of $2.60. Additionally, given the confidence we have in delivering $3.00 per share in fiscal 2019 and the value we see in our business, we've elected to increase and extend our capital return framework through fiscal 2019."
• Today, Jabil is announcing that its Board of Directors has authorized an additional share repurchase program for the purchase of up to $350 million in Jabil common stock. The share repurchase authorization expires on August 31, 2019.