Fabrinet: Fiscal Q3 Earnings Snapshot
GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Fabrinet (FN) on Monday reported fiscal third-quarter earnings of $59.4 million.
The Grand Cayman, Cayman Islands-based company said it had profit of $1.60 per share. Earnings, adjusted for stock option expense and severance costs, came to $1.94 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The company that assembles optical, electro-mechanical and electronic devices for other companies posted revenue of $665.3 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $650.9 million.
For the current quarter ending in June, Fabrinet expects its per-share earnings to range from $1.76 to $1.83.
The company said it expects revenue in the range of $630 million to $650 million for the fiscal fourth quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FN at https://www.zacks.com/ap/FN
