Aug 20, 02:50 PM

Fabrinet Reports Q4 Revenue of $753.26M, 14.85% YoY Growth, EPS of $2.41, Stock Rises 10.1% in Pre-Market

Fabrinet Inc. (NYSE: FN) reported strong financial results for its fourth quarter, with revenue reaching $753.26 million, a 14.85% increase year-over-year, surpassing analyst expectations by $21.04 million. The company's earnings per share (EPS) also exceeded forecasts, coming in at $2.41, reflecting a 29.57% year-over-year growth and beating estimates by $0.17. Following the announcement, Fabrinet's stock surged by 10.1% in pre-market trading, and analysts noted that the stock is on track for a record close high. The positive performance is attributed to robust demand in the 800 gig and datacom sectors, as indicated by commentary from industry peers such as Arista Networks (ANET), Lumentum Holdings (LITE), and Coherent Corp (COHR).

#FN #Fabrinet #Arista Networks #ANET #Lumentum Holdings #LITE #Coherent Corp #COHR

Written with ChatGPT (GPT-4o mini).

Fabrinet Reports Q4 Revenue of $753.26M, 14.85% YoY Growth, EPS of $2.41, Stock Rises 10.1% in Pre-Market

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