- Fabrinet (FN) stock surges about 16% after reports strong Q4 earnings, with record revenue, and record earnings per share and initiates Q1 revenue and EPS outlook.
- Q4 Non-GAAP EPS of $2.41 beats by $0.17.
- Revenue of $753.3M (+14.9% Y/Y) beats by $20.64M.
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Business Outlook
Based on information available as of August 19, 2024, Fabrinet is issuing guidance for its first fiscal quarter ending September 27, 2024, as follows:
- Fabrinet expects first quarter revenue to be in the range of $760 million to $780 million with the midpoint of $770 million vs. consensus of $771.36 million.
- GAAP net income per diluted share is expected to be in the range of $2.10 to $2.17, based on approximately 36.5 million fully diluted shares outstanding.
- Non-GAAP net income per diluted share is expected to be in the range of $2.33 to $2.40 with the midpoint of $2.365 vs. consensus of $2.37, based on approximately 36.5 million fully diluted shares outstanding.
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