Fabrinet (NYSE:FN) reported first-quarter results after Monday’s closing bell, beating estimates on the top and bottom lines.
Here's a look at the details inside the report.
- FN stock is moving. Watch the price action here.
Fabrinet Q1 Details
Fabrinet reported quarterly earnings of $3.72 per share, which beat the consensus estimate of $3.56 by 4.49%, according to Benzinga Pro data.
Quarterly revenue came in at $1.21 billion, which beat the Street estimate of $1.18 billion and was up from $871.8 million in the same period last year.
CEO Seamus Grady said, “Our third quarter was exceptionally strong, delivering record financial results that exceeded our guidance ranges. Growth was supported by numerous ongoing and ramping programs that continue to provide meaningful tailwinds.”
Outlook
Fabrinet expects fourth quarter adjusted EPS of $3.72 to $3.87, versus the $3.78 analyst estimate, and revenue in a range of $1.25 billion to $1.29 billion, versus the $1.26 billion estimate.
FN Stock Price: According to data from Benzinga Pro, Fabrinet stock was down 10.84% to $640 in Monday's extended trading.
Photo: Shutterstock
Login to comment