U.S. Markets open in 3 hrs 50 mins
  • S&P Futures

    3,655.50
    -5.00 (-0.14%)
     
  • Dow Futures

    29,719.00
    -85.00 (-0.29%)
     
  • Nasdaq Futures

    12,440.00
    -12.25 (-0.10%)
     
  • Russell 2000 Futures

    1,832.20
    -3.30 (-0.18%)
     
  • Crude Oil

    44.49
    -0.06 (-0.13%)
     
  • Gold

    1,831.90
    +13.00 (+0.71%)
     
  • Silver

    24.33
    +0.24 (+1.00%)
     
  • EUR/USD

    1.2058
    -0.0020 (-0.1688%)
     
  • 10-Yr Bond

    0.9340
    0.0000 (0.00%)
     
  • Vix

    20.92
    +0.35 (+1.70%)
     
  • GBP/USD

    1.3358
    -0.0065 (-0.4849%)
     
  • USD/JPY

    104.6900
    +0.3740 (+0.3585%)
     
  • BTC-USD

    19,131.50
    -40.24 (-0.21%)
     
  • CMC Crypto 200

    375.20
    -4.66 (-1.23%)
     
  • FTSE 100

    6,392.61
    +7.88 (+0.12%)
     
  • Nikkei 225

    26,800.98
    +13.44 (+0.05%)
     

Recap: Fabrinet Q1 Earnings

Benzinga Insights
·1 min read

Shares of Fabrinet (NYSE:FN) were unchanged in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 22.09% over the past year to $1.05, which beat the estimate of $0.98.

Revenue of $436,639,000 rose by 9.35% year over year, which beat the estimate of $421,650,000.

Outlook

Q2 EPS expected to be between $1.00 and $1.07.

View more earnings on FN

Q2 revenue expected to be between $420,000,000 and $440,000,000.

Recent Stock Performance

52-week high: $76.85

Company's 52-week low was at $44.00

Price action over last quarter: down 15.83%

Company Description

Fabrinet is a United States-based company that is principally engaged in providing outsourced manufacturing services to original equipment manufacturers (OEM). These OEM customers are mainly companies in complex industries that require precision manufacturing capabilities. The company offers a wide range of optical and electro-mechanical manufacturing capabilities across the whole producing process. It helps its customers to manufacture various products, such as selective switching products, active optical cables, tunable transponders and transceivers, lasers, and sensors. The company generates the majority of revenue from North America and Asia-Pacific, with the rest from Europe.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.