Benzinga | Feb 1, 2021 04:43PM EST

Recap: Fabrinet Q2 Earnings

Shares of Fabrinet (NYSE:FN) rose 1.51% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 10.00% year over year to $1.10, which beat the estimate of $1.04.

Revenue of $453,827,000 higher by 6.48% year over year, which beat the estimate of $433,700,000.

Guidance

Fabrinet Sees Q3 Adj. EPS $1.10-$1.17 vs $1.05 Estimate, Sales $455M-$475M vs $440M Est.

How To Listen To The Conference Call

Date: Feb 01, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/2uuxgoyb

Technicals

Company's 52-week high was at $87.28

52-week low: $44.00

Price action over last quarter: Up 26.85%

Company Profile

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.