Fabrinet rises on higher Q4, full-year profit

Fabrinet

22/08/2023 15:54

** Shares of manufacturing services firm Fabrinet  FN.N  up
27.3% at $148.65
    ** Company on Monday reported higher profits for Q4 and FY23
compared to last year 
    ** Adjusted net income per diluted share for Q4 was $1.86 vs
$1.68 in the year ago period
    ** Adjusted net income per diluted share for FY23 was $7.67
vs $6.13 last year
    ** Co announced repurchase of up to an additional $47.6 mln
of Fabrinet's ordinary shares, bringing the aggregate
authorization under Fabrinet's existing share repurchase program
to $294.8 mln
    ** Including sessions move, shares up ~15% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))