08:06 AM EDT, 09/26/2024 (MT Newswires) -- Jabil ( JBL ) reported fiscal Q4 core earnings Thursday of $2.30 per diluted share, down from $2.45 a year earlier.

Analysts polled by Capital IQ expected $2.22.

Net revenue for the fiscal quarter ended Aug. 31 was $6.96 billion, down from $8.46 billion a year earlier.

Analysts surveyed by Capital IQ expected $6.58 billion.

For fiscal Q1, the electronic circuit board maker expects core earnings of $1.65 to $2.05 per diluted share on net revenue of $6.3 billion to $6.9 billion. Analysts polled by Capital IQ expect EPS of $1.84 on revenue of $6.47 billion.

For fiscal 2025, the company expects core earnings of $8.65 per diluted share on net revenue of $27.0 billion. Analysts polled by Capital IQ expect EPS of $8.62 on revenue of $27.19 billion.

Additionally, the company said its board has approved a new share repurchase program of up to $1 billion in common stock.

Shares of the company were up nearly 9% in Thursday's premarket activity.

Price: 123.50, Change: +10.07, Percent Change: +8.88