Recap: Fabrinet Q1 Earnings

Shares of Fabrinet FN were unchanged in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 22.09% over the past year to $1.05, which beat the estimate of $0.98.

Revenue of $436,639,000 rose by 9.35% year over year, which beat the estimate of $421,650,000.

Outlook

Q2 EPS expected to be between $1.00 and $1.07.

Q2 revenue expected to be between $420,000,000 and $440,000,000.

Recent Stock Performance

52-week high: $76.85

Company's 52-week low was at $44.00

Price action over last quarter: down 15.83%

Company Description

Fabrinet is a United States-based company that is principally engaged in providing outsourced manufacturing services to original equipment manufacturers (OEM). These OEM customers are mainly companies in complex industries that require precision manufacturing capabilities. The company offers a wide range of optical and electro-mechanical manufacturing capabilities across the whole producing process. It helps its customers to manufacture various products, such as selective switching products, active optical cables, tunable transponders and transceivers, lasers, and sensors. The company generates the majority of revenue from North America and Asia-Pacific, with the rest from Europe.