Fabrinet up after Q3 revenue beat

Fabrinet

06/05/2024 22:38

** Shares of optical equipment maker Fabrinet  FN.N  up 9%
to $206 after hours
    ** Co reports Q3 revenue of $731.5 million, above analyst
expectations of $716.9 mln, per LSEG data; adj. EPS of $2.39, vs
 $1.94 last year, 2023
    ** Expects Q4 revenue in the range of $720 mln-$740 mln,
analysts expect revenue of $736.5 mln; adj. EPS in the range
$2.20-$2.27
    ** Co says, "looking to the fourth quarter, we anticipate
continued strength in datacom and sequential growth in
automotive"
    ** Stock down 0.79% YTD

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))