Fabrinet Earnings: Here’s Why Shares are Up Now
Fabrinet (NYSE:FN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.33%.
Fabrinet Earnings Cheat Sheet
Revenue: Rose 12.01% to $159.9 million from the year-earlier quarter.
Quoting Management: Tom Mitchell, Chief Executive Officer of Fabrinet, said, “I am pleased to end the fiscal year on a positive note, with our fourth quarter results demonstrating sequential increases in revenue, margins and earnings per share. As we enter fiscal 2014, I am confident that our healthy pipeline of new business, strong customer relationships and intense focus on quality and total customer satisfaction, will deliver another year of profitable growth.”
Key Stats (on next page)…
Revenue increased 2.79% from $155.56 million in the previous quarter.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)