Investing.com — Jabil Circuit Inc (NYSE:) shares rose more than 9% in premarket trading on Thursday after the company reported better-than-expected results for the fourth fiscal quarter of 2024.
Specifically, Jabil reported fourth-quarter earnings per share (EPS) of $2.30, beating analysts' expectations of $2.22. Revenue for the quarter came in at $7.0 billion, also above the consensus estimate of $6.59 billion.
Looking ahead to the first fiscal quarter of 2025, the automaker expects earnings per share (EPS) of $1.65 to $2.05, versus consensus of $1.83, on revenue of $6.3 billion to $6.9 billion, versus the $6.5 billion forecast.
Core operating profit is projected to be between $304 million and $364 million.
For the full fiscal year 2025, Jabil expects earnings per share of $8.65, in line with consensus of $8.64, and revenue of $27 billion, slightly below the $27.2 billion estimate.
“It’s clear 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 across multiple end markets,” said Jabil CEO Mike Dastoor.
“Despite these changes, we achieved core margins of 5.5% and $8.49 of core diluted EPS in fiscal 2024, while generating more than $1 billion in adjusted free cash flow.”
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