Fabrinet (FN) Tops Q2 EPS by 2c, Increases Buyback By $30 Million
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Fabrinet (NYSE: FN) reported Q2 Non-GAAP EPS of $0.72, $0.02 better than the analyst estimate of $0.70. Revenue for the quarter came in at $337.1 million versus the consensus estimate of $330.01 million.
"Fabrinet also announced that its Board of Directors has approved the repurchase of up to an additional $30.0 million of Fabrinet’s ordinary shares, bringing the aggregate authorization under Fabrinet’s existing share repurchase program to $60.0 million."
Guidance:
Sees Q3 Non-GAAP EPS of $0.70-0.73 and Q3 revenues of $316-324 million
For earnings history and earnings-related data on Fabrinet (FN) click here.
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