Fabrinet Q4 EPS $1.86 Beats $1.80 Estimate, Sales $655.87M Beat $641.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fabrinet (NYSE:FN) reported Q4 earnings of $1.86 per share, beating the analyst consensus estimate of $1.80 by 3.33%. This is a 10.71% increase from the same period last year. The company also reported quarterly sales of $655.87 million, beating the analyst consensus estimate of $641.41 million by 2.25%. This is an 11.57% increase from the same period last year.
August 21, 2023 | 8:20 pm
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POSITIVE IMPACT
Fabrinet's Q4 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price.
Fabrinet's Q4 earnings and sales have exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the stock price. The reported increases in earnings and sales from the same period last year further strengthen this positive outlook.
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