Fabrinet FN Shares are rising after the company reported its fourth-quarter financial results after the market closed on Monday. Here’s a look at the details of the report.
The details: Fabrinet reported quarterly earnings of $2.41 per share, beating the analyst consensus estimate of $2.24 by 7.59%. Quarterly revenue was $753.261 million, beating the analyst consensus estimate and representing a 14.85% increase in revenue over the year-ago period.
“Our strong fourth quarter results capped a remarkable fiscal year. We achieved record revenues and record earnings per share for the fourth consecutive quarter, both of which exceeded our forecasts. We remain optimistic about the future as we have numerous drivers that will enable us to continue our success story in fiscal 2025,” said Seamus GradyCEO of Fabrinet.
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Outlook: Fabrinet expects first-quarter revenue in the range of $760 million to $780 million and earnings in the range of $2.33 to $2.40 per share.
FN price promotion: According to Benzinga Pro, Fortinet shares are up 9.12% in after-hours trading at $252.67 at the time of publication on Monday.
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