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FN — Fabrinet News Story

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Fabrinet beats Q3 revenue, profit estimates

Overview

Optical manufacturing firm's fiscal Q3 revenue rose, beating analyst expectations

Adjusted EPS for fiscal Q3 beat analyst expectations

Company says growth supported by ongoing programs and new customer agreements in datacom market

Outlook

Fabrinet expects Q4 revenue between $1.25 bln and $1.29 bln

Company sees Q4 GAAP EPS of $3.48 to $3.63

Company expects Q4 non-GAAP EPS of $3.72 to $3.87

Result Drivers

ONGOING AND RAMPING PROGRAMS - Co said growth was supported by numerous ongoing and ramping programs

NEW CUSTOMER AGREEMENTS - Co said several new customer agreements, particularly in the datacom market, are expected to strengthen growth

Company press release: ID:nGNX3cVn4H

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$1.21 bln$1.18 bln (9 Analysts)
Q3 Adjusted EPSBeat$3.72$3.56 (8 Analysts)
Q3 EPS$3.45
Q3 Adjusted Net IncomeBeat$134.90 mln$129.57 mln (6 Analysts)
Q3 Net Income$125.20 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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