JBL - Jabil shares rise after FQ4 beats upside core EPS forecast

Manufacturing solutions provider Jabil (JBL) trades up 5% pre-market after fiscal Q4 beats with net revenue up 11% Y/Y to $7.3B and core EPS of $0.98.Diversified Manufacturing Services (engineering solutions) revenue gained 17% Y/Y to $2.86B versus the $2.48B consensus estimate.Electronics Manufacturing Services (high-volume supply chain engineering and core electronics) was up 8% to $4.47B, above the $3.83B consensus.Core operating income totaled $255.2M.For FQ1, Jabil expects $6.7-7.3B in net revenue (consensus: $7.3B), $1.15-1.35 core EPS (consensus: $1.02), and $295-335M in core operating income."As we exit FY20 and look ahead, I am excited with the momentum underway in our business. Several of our key businesses remain especially strong including Mobility, Healthcare and Cloud. At the same time, we’re permanently transitioning certain components we procure in our EMS segment from the current purchase-and-resale model to a consignment service model," says CFO Mike Dastoor.Earnings call starts at 8:30 AM with a webcast here.Press release.Previously: Jabil EPS beats by $0.31, beats

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Jabil shares rise after FQ4 beats, upside core EPS forecast