UPDATE 2-Jabil Circuit Q4 tops Street, shares rise

* Q4 adj EPS $0.16 vs est. $0.08

* Q4 rev beats estimates

* Sees Q1 adj EPS $0.24-$0.32 vs est $0.18

* To cut 4,500 jobs as part of ongoing restructuring plan

* Shares up 8 pct in extended trade (Adds conference call details, background, shares)

BANGALORE, Sept 29 (Reuters) - Electronics maker Jabil Circuit Inc (JBL.N) posted better-than-expected quarterly results helped by cost cuts and market share gains, and said it would cut a total of 4,500 jobs as part of its ongoing restructuring plan.

Jabil, which makes products for other companies including handsets for Nokia (NOK1V.HE) and computer hardware for Hewlett-Packard Co (HPQ.N), also forecast first-quarter results above Wall Street estimates, sending its shares up 8 percent in after-hours trade.

"2010 should be a much better year than 2009 and our November quarter is a good start," Chief Executive Timothy Main said on a conference call.

"I do not believe we are seeing a broad-based robust recovery in demand, rather the end of a sharply recessionary period and the beginning of a lengthy and sometimes sluggish recovery period," he said.