Fabrinet (FN) Tops Q2 EPS by 5c, Offers Gudiance
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Fabrinet (FN) shares plunge as Q3 guidance disappoints
February 6, 2024 10:33 AM ESTFabrinet (NYSE: FN) shares plunged more than 23% Tuesday after the company's third-quarter guidance disappointed investors.
In the second quarter, the company posted earnings of $2.08 per share, $0.05 better than the analyst estimate of $2.03 per share. Revenue for the quarter came in at $712.7 million versus the consensus estimate of $696.32 million.
CEO Seamus Grady said the company's results represented record levels for revenue and net... More
