11:46 AM EST, 12/18/2024 (MT Newswires) -- (Updates with latest stock movement in the headline and first paragraph.)

Jabil ( JBL ) shares were over 10% higher in recent Wednesday trading after the company delivered a fiscal Q1 revenue beat.

The company reported fiscal Q1 core earnings of $2 per diluted share, down from $2.60 a year earlier.

No comparable non-GAAP estimates were available.

Net revenue for the quarter ended Nov. 30 was $6.99 billion, down from $8.39 billion a year earlier.

Analysts surveyed by FactSet expected $6.61 billion.

Jabil ( JBL ) expects core earnings of $1.60 to $2 per diluted share in fiscal Q2 and $8.75 in fiscal year 2025. No comparable non-GAAP estimates were available.

The company expects net revenue of $6.1 billion to $6.7 billion in fiscal Q2 and $27.3 billion in the full fiscal year. Analysts polled by FactSet expect $6.27 billion of revenue in fiscal Q2 and $27.03 billion in fiscal year 2025.

Price: 147.51, Change: +13.55, Percent Change: +10.11