From Financial Modeling Prep: 2024-09-27 09:37:00

Jabil Circuit (NYSE:JBL) shares surged 11% after reporting Q4 2024 results. EPS of $2.30 beat expectations of $2.22, with revenue hitting $7 billion, exceeding the forecasted $6.59 billion. For Q1 2025, EPS is projected between $1.65 and $2.05, with revenue ranging from $6.3 billion to $6.9 billion. Full year 2025 expects EPS of $8.65 and revenue of $27 billion.

CEO Mike Dastoor highlighted Jabil’s transformation in 2024, including the sale of its Mobility business, growth in AI data centers, and market challenges. Despite these shifts, Jabil delivered core margins of 5.5% and $8.49 of core diluted EPS for 2024, along with generating over $1 billion in adjusted free cash flow.



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