Jabil Circuit profit climbs on lack of charges

The St. Petersburg-based company said it earned $57.5 million, or 28 cents per share, in the fourth quarter, which ended Aug. 31. In the same period last year, it earned $11.7 million, or 6 cents per share.

The company's "core" earnings, before amortization of intangibles, the cost of stock-based compensation, acquisition-related charges and charges for restructuring and impairment, were 30 cents per share in the latest quarter, up from 29 cents last year.

Revenue increased 4 percent to $3.3 billion.

Analysts polled by Thomson Reuters had expected earnings of 31 cents per share, excluding items, on $3.2 billion in revenue.

In pre-market trading, shares of Jabil were up 9 cents at $10.78.

For the full fiscal year, Jabil earned $133.9 million, or 65 cents per share, up 83 percent from the previous year. Revenue rose 4 percent to $12.8 billion.