Optical Components Leader Fabrinet Shares Plunge After Earnings Report

Deep News

08/19

In early U.S. trading on Tuesday, global optical components leader Fabrinet fell 9.82%, despite the company beating fourth-quarter expectations.

The company reported adjusted earnings per share of $2.65, marginally above the $2.64 expected by analysts surveyed by FactSet. Revenue of $909.7 million exceeded the consensus estimate of $883.1 million.

Additionally, the company provided optimistic first-quarter earnings and revenue guidance. Fabrinet shares have gained nearly 49% year-to-date.

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Fabrinet shares have gained nearly 49% year-to-date.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z4B17.USD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","start_time":0,"source_url":"","article_id":"1125859429","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1125859429","pubTimestamp":1755612037,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"In early U.S. trading on Tuesday, global optical components leader Fabrinet fell 9.82%, despite the company beating fourth-quarter expectations. 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