Investing.com — Jabil Circuit Inc (NYSE:) saw its shares popped more than 9% in premarket trading Thursday after the company reported better-than-anticipated results for the fiscal Q4 2024.
Specifically, Jabil posted Q4 earnings per share (EPS) of $2.30, topping analyst expectations of $2.22. Revenue for the quarter reached $7 billion, also above the consensus estimate of $6.59 billion.
Looking ahead to fiscal Q1 2025, the manufacturer expects EPS between $1.65 and $2.05, compared to the consensus of $1.83, with revenue ranging from $6.3 to $6.9 billion, versus the forecasted $6.5 billion.
Core operating profit is projected to be $304 million to $364 million.
For the full fiscal 2025, Jabil forecasts EPS of $8.65, in line with the $8.64 consensus, and revenue of $27 billion, slightly below the $27.2 billion estimate.
“It’s evident that Jabil has undergone a substantial transformation this fiscal year: a year during which we sold our Mobility business, saw growth in the AI data center sector, and faced challenges in multiple end-markets,” said Jabil CEO Mike Dastoor.
“Despite these changes, we delivered core margins of 5.5% and $8.49 of core diluted EPS in FY24, while generating more than $1 billion in adjusted free cash flow.”
