Fabrinet Sees Q1 Adj. EPS $1.83-$1.90 vs $1.86 Est., Revenue $650M-$670M vs $657.33M Est.
Portfolio Pulse from Benzinga Newsdesk
Fabrinet has projected its Q1 adjusted EPS to be between $1.83 and $1.90, compared to the estimated $1.86. The company also expects its revenue to be between $650M and $670M, against the estimated $657.33M.
August 21, 2023 | 8:21 pm
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NEUTRAL IMPACT
Fabrinet's Q1 adjusted EPS and revenue forecasts are both within the estimated range. This suggests that the company's performance is in line with market expectations.
Fabrinet's Q1 adjusted EPS and revenue forecasts are both within the estimated range. This suggests that the company's performance is in line with market expectations, which is likely to have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100