Fabrinet’s Q4 Earnings Propel Stock to All-Time High with Q1 Guidance
Wednesday, 21 August 2024, 06:10
Fabrinet Surges After Q4 Earnings Report
Fabrinet (FN) experienced a staggering 16% surge following the announcement of its robust Q4 earnings, significantly boosting investor interest.
Strong Financial Performance
- Non-GAAP EPS: Q4 Non-GAAP EPS of $2.41 exceeds estimates by $0.04.
- Revenue Growth: The substantial revenue figures reinforce the company’s upward trajectory.
Q1 Guidance and Outlook
- Promising Revenue Projections: Fabrinet has initiated its Q1 guidance, indicating a positive outlook.
- EPS Forecast: Forward-looking statements suggest further profitability.
As Fabrinet continues to impress investors with its financial results and optimistic outlook, it stands out in the current market environment. For more details, please refer to the source.
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