Fabrinet Expects Q2 2023 EPS $1.98-$2.05 Vs $1.95 Est.; Revenue To Be In The Range Of $680M-$700M Vs $682.23M Est.
Portfolio Pulse from Benzinga Newsdesk
Fabrinet has issued its Q2 2023 guidance, expecting EPS to be between $1.98-$2.05, higher than the estimated $1.95. The company also anticipates revenue to be in the range of $680M-$700M, compared to the estimated $682.23M. The guidance excludes share-based compensation expenses and certain non-recurring items.
November 06, 2023 | 9:19 pm
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POSITIVE IMPACT
Fabrinet's Q2 2023 guidance exceeds estimates for both EPS and revenue. This positive outlook could potentially boost investor confidence and positively impact the company's stock price in the short term.
Fabrinet's guidance for Q2 2023 exceeds the estimated EPS and revenue, indicating a strong financial performance for the upcoming quarter. This positive outlook could potentially boost investor confidence and lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100