Needham & Company Raises Price Target on Fabrinet (FN) to $32 Post 4Q Beat and Raise
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Fabrinet Announces Second Quarter Fiscal-Year 2016 Financial Results
February 1, 2016 4:15 PM ESTBANGKOK--(BUSINESS WIRE)-- Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its second fiscal quarter ended December 25, 2015.
Tom Mitchell, Chief Executive Officer of Fabrinet, said, We delivered a strong second quarter with record revenue and strong profitability. Upside in the quarter was driven by a combination of growth from new customer programs and increasing production from existing customer programs, as we benefit from technology investments that we continue to... More
