01:24 PM EDT, 06/20/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.)

Jabil's ( JBL ) shares were down 8.5% in recent Thursday trading after the company reported fiscal Q3 core earnings of $1.89 per diluted share, down from $1.99 a year earlier.

Analysts polled by Capital IQ expected $1.85.

Net revenue for the quarter ended May 31 was $6.77 billion, down from $8.48 billion a year earlier.

Analysts surveyed by Capital IQ expected $6.53 billion.

The company said it expects fiscal Q4 core earnings of $2.03 to $2.43 per diluted share and net revenue of $6.3 billion to $6.9 billion. Analysts surveyed by Capital IQ expect $2.21 normalized earnings and revenue of $6.81 billion.

For full-year 2024, Jabil ( JBL ) maintained its outlook of core earnings of $8.40 per diluted share on net revenue of $28.50 billion. Analysts polled by Capital IQ expect $8.36 normalized earnings on revenue of $28.50 billion.

Price: 115.46, Change: -10.77, Percent Change: -8.53