Investing.com - Fabrinet reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fabrinet announced earnings per share of $1.97 on revenue of $655.4M. Analysts polled by Investing.com anticipated EPS of $1.69 on revenue of $630M.
Fabrinet shares are up 6% from the beginning of the year , still down 11.79% from its 52 week high of $126.28 set on Wednesday, January 5, 2022.
Fabrinet shares gained 3.50% in after-hours trade the report.
Fabrinet follows other major Information Technology sector earnings this month
Fabrinet's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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