Fabrinet Q3 2024 Adj EPS $2.39 Beats $2.11 Estimate, Sales $731.535M Beat $716.915M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fabrinet (NYSE:FN) reported Q3 2024 adjusted EPS of $2.39, surpassing the $2.11 estimate, and sales of $731.535M, exceeding the $716.915M estimate. This represents a 23.2% increase in EPS and a 9.96% increase in sales from the same period last year.
May 06, 2024 | 9:19 pm
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Fabrinet reported a strong Q3 2024 with adjusted EPS of $2.39 and sales of $731.535M, both exceeding analyst estimates.
Fabrinet's Q3 2024 performance exceeded analyst expectations in both earnings per share and sales, indicating strong financial health and operational efficiency. The significant year-over-year growth in EPS and sales suggests robust demand for its offerings and effective management. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in FN's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100