The company had earlier projected Q4 core EPS to be between $0.76 and $0.96 and revenue to be in the range of $6.3 billion and $6.9 billion. GAAP EPS for the quarter ended August 31, 2019, was touted to be in the range of $0.47 to $0.71.
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For the first quarter of fiscal 2020, the manufacturing solutions provider eyes core EPS to be between $0.82 and $1.04 per share and revenue to be in the range of $6.65 billion to $7.35 billion. GAAP EPS for Q1 2020 is estimated to be between $0.14 and $0.58.
Commenting on FY19 results, CEO Mark Mondello said, “As expected, our revenue was driven higher by targeted end-markets in the areas of 5G, cloud, energy and healthcare.”
The company’s Board of Directors approved a share repurchase program of up to $600 million of Jabil stock.
Jabil stock, which reached its 52-week high ($32.40) early this month, had advanced 26% so far this year and 5% in the past 12 months.