NEW YORK (TheStreet) -- Jabil Circuit (JBL) - Get Report  stock is climbing by 8.45% to $21.17 in after-hours trading on Thursday, after the company reported its financial results for the 2015 fourth quarter.

Jabil Circuit reported earnings of 53 cents per share for the most recent quarter, up from 5 cents per share for the year ago period.

The company's net revenue increased to $4.7 billion, from $4.1 billion for the 2014 fourth quarter.

Analysts had forecast for earnings of 45 cents per share on revenue of $4.55 billion for the most recent quarter.

"I am extremely pleased with our fiscal 2015 results and in particular the financial strength demonstrated as we exited the year," CEO Mark Mondello said in a statement. "We exceeded nearly every financial target provided at the outset of the year, culminating with core earnings per share of $2.07 and free cash flow of approximately $300 million."

Jabil Circuit, based in St. Petersburg, Fla., provides electronic manufacturing services and solutions.

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