shares of jabil inc jbl jumped 51 in premarket trading tuesday after the contract manufacturer reported fiscal fourthquarter earnings that beat expectations provided an upbeat outlook for the current quarter and set a 1 billion stock buyback program net income for the quarter to aug 31 rose to 315 million or 225 a share from 175 million or 116 a share in the year ago period excluding nonrecurring items adjusted earnings per share of 234 beat the factset consensus of 215 revenue grew 219 to 903 billion above the factset consensus of 839 billion looking ahead the company expects firstquarter adjusted eps of 200 to 240 which surrounds the factset consensus of 211 and revenue of 90 billion to 96 billion which is above expectations of 893 billion the company set a new 1 billion share repurchase program which represents about 129 of the companys market capitalization as of mondays closing stock price this new authorization reflects our belief in jabils ability to generate strong earnings and free cash flow said chief financial officer mike dastoor the stock has gained 18 over the past three months while the sp 500 spx has lost 63