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Fabrinet +8%; Q1 over projections, revenue up 53%

Published 11/07/2016, 05:17 PM
Fabrinet +8%; Q1 over projections, revenue up 53%
FN
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  • Results – revenue $332.04M (+53.4% Y/Y, $22.6M above estimates), EPS $0.80 ($0.09 above estimates), net income $29.7M (+83% Y/Y)
  • Q2 (13-week quarter) projections – revenue $332M-$336M, EPS $0.78-$0.80
  • Fabrinet (NYSE:FN) CEO Tom Mitchell: "We are benefiting from positive trends in the optical industry, including increasing activity from new and existing customer programs. We believe we are in a strong position to serve industry demand with new capacity from the first building at our new campus in Chonburi, Thailand, and our growing new product introduction (NPI) operation in Santa Clara. Our recent acquisition of Exception EMS, U.K. extends our NPI capabilities while diversifying our customer base."
  • Share price summary – 1-month, -7.6%; 3-month, +14%; 1-year, +85.7%
  • Prior quarters overview
  • Conference call
  • Presentation
  • Press release
  • 8-K

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