Fabrinet: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Fabrinet (NYSE:FN) reported Q2 earnings with an EPS of $2.08, beating estimates by 2.46% and showing a revenue increase of $44.04 million from the previous year. The company has a history of surpassing EPS estimates, which has positively impacted its share price in the past.
February 05, 2024 | 9:25 pm
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Fabrinet reported Q2 earnings with an EPS of $2.08, surpassing estimates by 2.46% and showing significant year-over-year revenue growth. The company's consistent performance in beating EPS estimates suggests a positive outlook.
Fabrinet's Q2 earnings beat and its history of surpassing EPS estimates likely contribute to a positive investor sentiment. Given the company's past performance, where a beat on EPS was followed by a share price increase, a similar short-term positive impact on FN's stock price can be anticipated.
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IMPORTANCE 90
RELEVANCE 100