Fabrinet shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 adjusted EPS guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Fabrinet shares surged following the announcement of their Q3 financial results, which exceeded expectations. Additionally, the company's Q4 adjusted EPS guidance was higher than analysts' estimates.
May 07, 2024 | 10:53 am
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POSITIVE IMPACT
Fabrinet reported impressive Q3 financial results and provided Q4 adjusted EPS guidance that surpassed analysts' expectations, leading to a surge in its stock price.
Fabrinet's better-than-expected Q3 financial performance and optimistic Q4 earnings guidance directly contribute to positive investor sentiment, likely driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100