Fabrinet (FN) announced a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $86.64 million, or $2.38 per share. This compares with $69.11 million, or $1.89 per share, last year.
Excluding items, Fabrinet reported adjusted earnings of $95.14 million or $2.61 per share for the period.
Analysts on average had expected the company to earn $2.49 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 17.0% to $833.61 million from $712.69 million last year.
Fabrinet earnings at a glance (GAAP) :
-Earnings: $86.64 Mln. vs. $69.11 Mln. last year.
-EPS: $2.38 vs. $1.89 last year.
-Revenue: $833.61 Mln vs. $712.69 Mln last year.
-Guidance:
Full year EPS guidance: $2.55 to $2.63
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