Fabrinet Stock Tumbles Despite Q3 Earnings, Revenue Beats
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Fabrinet (NYSE:FN) reported Q3 earnings of $3.72 per share, exceeding estimates of $3.56, and revenue of $1.21 billion, surpassing the $1.18 billion forecast. Despite strong results, FN stock fell 10.84% to $640 in after-hours trading. CEO Seamus Grady highlighted record financial results and positive growth outlook, projecting Q4 adjusted EPS between $3.72 and $3.87 and revenue of $1.25 to $1.29 billion.
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