Fabrinet (FN) Tops Q4 EPS by 6c, beats revenue, offers guidance

Fabrinet (NYSE: FN) reported Q4 EPS of $1.86, $0.06 better than the analyst estimate of $1.80. Revenue for the quarter came in at $655.9 million versus the consensus estimate of $641.43 million.

Business Outlook

Based on information available as of August 21, 2023, Fabrinet is issuing guidance for its first fiscal quarter ending September 29, 2023, as follows:

Fabrinet expects first quarter revenue to be in the range of $650 million to $670 million.
GAAP net income per diluted share is expected to be in the range of $1.60 to $1.67, based on approximately 36.5 million fully diluted shares outstanding.
Non-GAAP net income per diluted share is expected to be in the range of $1.83 to $1.90, based on approximately 36.5 million fully diluted shares outstanding.

For earnings history and earnings-related data on Fabrinet (FN) click here.

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