Fabrinet Q2 Adj EPS $2.08 Beats $2.03 Estimate, Sales $712.69M Beat $693.15M Estimate
Portfolio Pulse from totan@benzinga.com
Fabrinet (NYSE:FN) reported Q2 adjusted EPS of $2.08, surpassing the $2.03 estimate, and sales of $712.69M, exceeding the $693.15M estimate. This represents a 9.47% increase in EPS and a 6.59% increase in sales from the same period last year.
February 05, 2024 | 9:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Fabrinet reported a strong Q2 with EPS and sales beating estimates, indicating robust financial health and growth.
Fabrinet's Q2 earnings and sales not only surpassed analyst expectations but also showed significant improvement from the previous year. This positive performance is likely to instill investor confidence and could lead to a short-term uptick in FN's stock price, given the better-than-expected financial health and growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100