Fabrinet Q1 EPS $2.00 Beats $1.86 Estimate, Sales $685.48M Beat $659.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fabrinet (NYSE:FN) reported Q1 earnings of $2.00 per share, beating the analyst consensus estimate of $1.86 by 7.53%. This is a 1.52% increase over earnings of $1.97 per share from the same period last year. The company also reported quarterly sales of $685.48 million, beating the analyst consensus estimate of $659.17 million by 3.99%. This is a 4.58% increase over sales of $655.43 million the same period last year.
November 06, 2023 | 9:17 pm
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POSITIVE IMPACT
Fabrinet's Q1 earnings and sales exceeded analyst estimates, indicating a positive financial performance.
Fabrinet's Q1 earnings and sales beat analyst estimates, which is a positive signal for the company's financial performance. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100