Fabrinet Q3 2024 Adj EPS $2.39 Beats $2.11 Estimate, Sales $731.5M Beats $716.915M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fabrinet reported its Q3 2024 adjusted earnings per share (EPS) at $2.39, surpassing the estimated $2.11. The company's sales reached $731.5 million, also beating the forecast of $716.915 million.
May 06, 2024 | 9:08 pm
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POSITIVE IMPACT
Fabrinet's Q3 2024 earnings and sales exceeded analyst expectations, indicating strong financial performance.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term increase in stock price. Given the significant beat on both fronts, it's likely that FN will experience upward price movement in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100