Fabrinet +7.6% as revenue drops less than expected [Seeking Alpha]
Fabrinet Ordinary Shares (FN)
Last fabrinet ordinary shares earnings: 2/3 04:15 pm
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US:NYSE Investor Relations:
investor.fabrinet.com/investor-relations
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Source: Seeking Alpha
Fabrinet +7.6% as revenue drops less than expectedFabrinet (NYSE:FN) topped its own and the Street's revenue expectations as sales fell less than expected inQ1 earnings where profits came in line.Shares areup 7.6% after hours.Net income dipped to $26.9M from a year-ago $30.5M. That included a forex loss of $2.4M."With stabilizing demand and increasing interest in our capabilities we are confident that we can deliver sequential growth in the fourth quarter and further strengthen our position in the marketplace," says Chairman Tom Mitchell.For fiscal Q4, it's guiding to revenue of $334M-$342M (above expectations for $332.8M) and EPS of $0.73-$0.77 (in line with expectations for $0.75).Conference call to come at 5 p.m. ET.Press releaseSee all stocks on the move »Now read:Rambus reports Q1 rev beat, in-line guidance »
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News
- Phononic Launches Wholly Owned Subsidiary in Thailand as APAC Headquarters [Yahoo! Finance]Yahoo! Finance
- The total return for Fabrinet (NYSE:FN) investors has risen faster than earnings growth over the last five years [Yahoo! Finance]Yahoo! Finance
- Fabrinet (NYSE: FN) had its price target raised by analysts at JPMorgan Chase & Co. from $210.00 to $212.00. They now have a "neutral" rating on the stock.MarketBeat
- Full Glass Wine Co. Secures $14 Million Funding; Acquires Leading DTC Wine Subscription Brand, Bright Cellars [Yahoo! Finance]Yahoo! Finance
- Fabrinet (NYSE: FN) had its price target lowered by analysts at Needham & Company LLC from $230.00 to $220.00. They now have a "buy" rating on the stock.MarketBeat
FN
Earnings
- 2/5/24 - Beat
FN
Sec Filings
- 3/13/24 - Form 4
- 3/11/24 - Form 4
- 3/7/24 - Form 144
- FN's page on the SEC website