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Fabrinet: Fiscal Q4 Earnings Snapshot
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GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Fabrinet (FN) on Monday reported fiscal fourth-quarter earnings of $139.3 million.

On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had profit of $3.83. Earnings, adjusted for one-time gains and costs, were $4.10 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.85 per share.

The company that assembles optical, electro-mechanical and electronic devices for other companies posted revenue of $1.32 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.28 billion.

For the year, the company reported profit of $473 million, or $13.05 per share. Revenue was reported as $4.64 billion.

For the current quarter ending in September, Fabrinet expects its per-share earnings to range from $4.10 to $4.25.

The company said it expects revenue in the range of $1.38 billion to $1.43 billion for the fiscal first quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FN at https://www.zacks.com/ap/FN

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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