Jabil beats by $0.02, beats on revs; guides Q2 EPS in-line, revs above consensus
- Reports Q1 (Nov) earnings of $0.90 per share, $0.02 better than the S&P Capital IQ Consensus of $0.88; revenues rose 16.4% year/year to $6.5 bln vs the $6.11 bln S&P Capital IQ Consensus.
- Co issues guidance for Q2, sees EPS of $0.51-$0.71 vs. $0.61 S&P Capital IQ Consensus; sees Q2 revs of $5.8-$6.4 bln vs. $5.84 bln S&P Capital IQ Consensus.
- Commentary: "We expect this positive momentum to continue into our second quarter driven by strength in end-markets like automotive, cloud, healthcare and 5G wireless. I'm also pleased that the outlook for fiscal 2019 remains consistent as we deliver value for shareholders through strong earnings growth and year-over-year increasing cash flows."