Fabrinet Announces Fourth Quarter and Fiscal Year 2018 Financial Results
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Fabrinet (FN) PT Raised to $52 at B.Riley/FBR Following 4Q
August 21, 2018 9:42 AM EDTB.Riley/FBR analyst Dave Kang raised the price target on Fabrinet (NYSE: FN) to $52.00 (from $50.00) while maintaining a Buy rating following the company's 4Q. FN reported F4Q sales/EPS of $345.3MM/$0.81, above consensus estimates of $338M in sales and $0.75 in EPS.... More
Needham & Company Downgrades Fabrinet (FN) to Buy But Lifts PT
August 21, 2018 7:10 AM EDTNeedham & Company analyst Alex Henderson downgraded Fabrinet (NYSE: FN) from Strong Buy to Buy with a price target of $55.00 (from $45.00).
Henderson commented, " FN handily exceeded the high end of guidance and offered FY1Q targets solidly above the street consensus. Fabrinet saw strong... More
Fabrinet (FN) Tops Q4 EPS by 6c, Revenues Beat; Offers 1Q19 EPS Outlook Above Consensus
August 20, 2018 4:17 PM EDTFabrinet (NYSE: FN) reported Q4 EPS of $0.81, $0.06 better than the analyst estimate of $0.75. Revenue for the quarter came in at $345.33 million versus the consensus estimate of $338.12 million.
Seamus Grady, Chief Executive Officer of Fabrinet, said, Our financial results for the fourth quarter exceeded our guidance for revenue and profitability. Our sequential revenue growth was driven by modest growth from optical communications products, and strong growth from non-optical... More
