Fabrinet Q3 EPS Matches Street View

Fabrinet (FN) shares jumped more than 7% in extended trading on Monday after the consumer electronics company reported fiscal Q3 earnings that matched and revenue that beat Wall Street expectations.

Non-GAAP EPS decreased to $0.71 for the three months ended March 30, from $0.80 a year earlier. That matched the average estimate of analysts surveyed by Capital IQ

Fiscal Q3 revenue decreased to $332.2 million, from $366.8 million, but beat the analyst consensus of $319.2 million.

Fabrinet expects fiscal Q4 revenue to be in the range of $334 million to $342 million, and non-GAAP EPS is expected to be in the range of $0.73 to $0.77. Analysts had projected revenue of $332.8 million and EPS of $0.75.

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