From RTT News:

Jabil Inc. announced the closure of its Mobility business divestment to BYD Electronic. The transaction is expected to lower the net revenue and core earnings per share for the second quarter by approximately $400 million and $0.30, aligning with previous guidance. Core earnings per share for Q2 is now projected to be $1.43 – $1.83, with net revenue in a range of $6.6 billion – $7.2 billion. CFO Mike Dastoor anticipates leveraging funds to reduce costs, execute accelerated buybacks, and deliver core earnings for fiscal 2024 in excess of $9 per share.



Read more: Jabil Successfully Closes Mobility Divestiture; Revises Q2 Outlook