Jabil Inc. Lowers Full-Year Revenue and Profit Forecasts Amid Slowing Demand

The electronics manufacturer cites a sudden slowdown in 5G, renewable energy, and digital printing markets as the primary reason for the revised forecasts.

Jabil Inc. has revised its full-year revenue to $28.5 billion and profit forecasts to $8.40 per share, down from earlier projections.
The company's shares fell 13% in early trading following the announcement.
Jabil's fiscal second-quarter earnings exceeded Wall Street expectations, with a profit of $927 million and earnings of $1.68 per share.
For the fiscal third quarter, Jabil expects earnings per share to range from $1.65 to $2.05 and revenue between $6.2 billion and $6.8 billion.
Analysts have adjusted their ratings and price targets for Jabil, reflecting a mixed outlook on the company's financial performance.