Fabrinet Stock Jumps As Earnings, Guidance Top Views Amid China Tariffs [Investor's Business Daily]
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: Investors Business Daily
Related news Fabrinet stock shot up Tuesday after the company notched a beat-and-raise fiscal first quarter. The ongoing trade battle between the U.S. and China will provide upside, one analyst said. Shares in Fabrinet ( FN ), a contract manufacturer specializing in optical products, soared 16.4% to 52.62 in early trading on the stock market today . Fabrinet stock jumped above a technical buy point of 49.07 with the gain. The U.S. trade battle with China provides a boost for Fabrinet, says Needham analyst Alex Henderson. Manufacturing is moving outside China because of tariffs placed of products imported into the U.S., he says. Fabrinet has a manufacturing plant in Thailand. "As companies flee China, Fabrinet is benefiting and seeing rapid uptake of capacity commitments," Henderson said in a report to clients. The company said revenue rose 6% to $377.2 million, blowing past analyst estimates of $352 million. Profit jumped 23% to 92 cents. Analysts projected 81 cents. For the December
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FN
News
- 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
- Fabrinet (NYSE: FN) was upgraded by analysts at Northland Securities from a "market perform" rating to an "outperform" rating. They now have a $220.00 price target on the stock, up previously from $200.00.MarketBeat
- Does Fabrinet (NYSE:FN) Deserve A Spot On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- Fabrinet: Some Encouraging Narratives, But Best Not To Chase [Seeking Alpha]Seeking Alpha
- Here's Why Fabrinet (FN) Rose in 2023 [Yahoo! Finance]Yahoo! Finance
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