Fabrinet Sees Q1 Adj. EPS $2.33-$2.40 vs $2.26 Est., Revenue $760M-$780M vs $749.24M Est.
Portfolio Pulse from Benzinga Newsdesk
Fabrinet has announced its Q1 adjusted EPS guidance of $2.33-$2.40, surpassing the estimated $2.26. The company also projects revenue between $760M-$780M, exceeding the expected $749.24M.
August 19, 2024 | 8:24 pm
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POSITIVE IMPACT
Fabrinet's Q1 guidance for adjusted EPS and revenue exceeds analyst estimates, indicating a strong financial performance outlook.
Fabrinet's guidance for both EPS and revenue surpasses analyst expectations, suggesting strong operational performance. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100