--- title: "U.S. stock night market volatility: Fabrinet's earnings report exceeded expectations but was met with market indifference, and a downgrade in ratings triggered a 11% plunge in stock price" type: "News" locale: "en" url: "https://longbridge.com/en/news/285137043.md" description: "Fabrinet fell 11.00% in the night session; Tianhong Technology fell 0.77% in the night session, with a transaction amount of USD 13,000; Ouster rose 1.56% in the night session, with a transaction amount of USD 6,165; Aeva Tech fell 0.70% in the night session, with a transaction amount of USD 2,343" datetime: "2026-05-05T00:26:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285137043.md) - [en](https://longbridge.com/en/news/285137043.md) - [zh-HK](https://longbridge.com/zh-HK/news/285137043.md) --- # U.S. stock night market volatility: Fabrinet's earnings report exceeded expectations but was met with market indifference, and a downgrade in ratings triggered a 11% plunge in stock price **U.S. Stock Market After-Hours Movements** Fabrinet fell 11.00% in after-hours trading. Based on recent key news: 1. On May 4, Fabrinet released its first-quarter financial report, exceeding market expectations. The company's earnings per share were $3.72, higher than the expected $3.56, with quarterly revenue of $1.21 billion, surpassing the expected $1.18 billion. This news failed to boost the stock price, instead leading to a 10.84% drop in after-hours trading. 2. On May 4, Fabrinet announced an expected adjusted earnings per share for the fourth quarter of $3.72 to $3.87, lower than the analyst expectation of $3.78, with revenue expectations of $1.25 billion to $1.29 billion, below the expected $1.26 billion. Concerns about future performance intensified, causing further declines in the stock price. 3. On May 4, JP Morgan analyst Samik Chatterjee downgraded Fabrinet's rating from overweight to neutral and raised the target price from $530 to $700. Despite the target price increase, the downgrade negatively impacted market sentiment, further depressing the stock price. The electronic devices and components industry has recently shown weak performance, with ongoing supply chain issues. **Top Stocks by Trading Volume in the Industry** Tianhong Technology fell 0.77% in after-hours trading. Based on recent key news: 1. On May 5, Tianhong Technology triggered a MACD bullish signal, with a trading volume of $717 million. The expansion of the AI infrastructure supply chain drove the stock price up, increasing market attention. Source: Zhitong Finance 2. On May 4, Tianhong Technology raised its full-year revenue guidance to $19 billion, demonstrating the driving force of the AI wave on its business. The company plays an important role in AI hardware infrastructure, with significant performance growth. Source: Zhitong Finance 3. On May 2, Tianhong Technology's first-quarter performance exceeded expectations, leading to a substantial increase in stock price. Analysts believe the stock presents a low-risk bullish trading opportunity. Source: Investor's Business Daily. The AI supply chain is highly prosperous, with significant impacts from macroeconomic fluctuations. Ouster rose 1.56% in after-hours trading. Based on recent key news: 1. On May 4, Ouster launched the REV8 OS series, the world's first native color lidar. The release of this product is considered a fundamental change in customer value proposition, driving the stock price up. 2. On May 4, Ouster's stock price increased by 9.91%, reaching $29.07. This increase is directly related to the company's new product launch, showing strong market interest in the technology. 3. On May 4, overall market volatility was significant; despite a drop in Dow futures, the S&P 500 index rose, benefiting Ouster's stock price from market optimism about new technologies. The application prospects of lidar technology in the automotive industry are broad Aeva Tech, after-hours trading fell by 0.70%, with a transaction volume reaching $2,343, and there have been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [FN.US](https://longbridge.com/en/quote/FN.US.md) - [CLS.US](https://longbridge.com/en/quote/CLS.US.md) - [OUST.US](https://longbridge.com/en/quote/OUST.US.md) - [AEVA.US](https://longbridge.com/en/quote/AEVA.US.md) ## Related News & Research - [$1000 Invested In Fabrinet 5 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/286939796.md) - [Fabrinet (FN) Is Up 16.2% After Q3 Beat And Cautious Q4 Outlook - What's Changed](https://longbridge.com/en/news/286651981.md) - [Here's How Much $100 Invested In Fabrinet 15 Years Ago Would Be Worth Today](https://longbridge.com/en/news/285612805.md) - [Ouster Collaborates With Fujifilm to Embed Industry-Leading Color Science Into Its REV8 Native Color Lidar | OUST Stock News](https://longbridge.com/en/news/286895344.md) - [Neurovia AI CTO at ISNR: Solving the AI Data Cost Dilemma and Unleashing Infrastructure Capacity | AIIO Stock News](https://longbridge.com/en/news/287049307.md)