Fabrinet (FN) Tops Q3 EPS by 7c, Offers Guidance

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Fabrinet Announces Third Quarter Fiscal Year 2023 Financial Results

May 8, 2023 4:15 PM EDT

Record Third Quarter Revenue of $665.3 Million Exceeds Guidance

BANGKOK--(BUSINESS WIRE)-- Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its third fiscal quarter ended March 31, 2023.

Seamus Grady, Chief Executive Officer of Fabrinet, said, Revenue in the third quarter was above our guidance range, and we demonstrated the operating leverage inherent in our business model. While near-term inventory adjustments are affecting some... More