<p>周二，市场对光学设备专家 <strong>Fabrinet</strong>(FN -7.13%) 的价值并不看好。一些投资者在公司最新季度财报发布后积极抛售该股票。该股在当天损失了超过 7% 的价值，而 <strong>S&amp;P 500</strong> 指数的跌幅仅限于 0.8%。</p>
<h2>盈利能力略有改善</h2>
<p>在 2025 财年第三季度，Fabrinet 的收入同比增长 19%，达到 8.718 亿美元。这一数字不仅超过了公司的指引，也超出了分析师平均预期的 8.583 亿美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc0MjEvcGVyc29uLWxvb2tpbmctYXQtbGFwdG9wLXNjcmVlbi13aXRoLWhlYWQtaW4taGFuZHMuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc0MjEvcGVyc29uLWxvb2tpbmctYXQtbGFwdG9wLXNjcmVlbi13aXRoLWhlYWQtaW4taGFuZHMuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<p>在底线方面情况略有不同，根据 GAAP 标准，Fabrinet 的净收入在这一年间仅小幅改善，达到了 8130 万美元。在非 GAAP（调整后）每股收益方面，该盈利为 2.52 美元，低于分析师平均预测的 2.54 美元。</p>
<p>在财报发布中，Fabrinet 引用首席执行官 Seamus Grady 的话称，公司 “在电信领域再次实现了强劲表现，增长超过了预期的数据信息收入的季节性下降。”</p>
<h2>指引符合或超过分析师预期</h2>
<p>Fabrinet 对其当前（第四）季度提供了指引，预测收入将在 8.6 亿到 9 亿美元之间，这意味着至少 14% 的同比增长。调整后的净收入应在 2.55 到 2.70 美元之间，较 2024 年第四季度的 2.41 美元有良好比较。</p>
<p>分析师对收入的共识预期为 8.858 亿美元，符合公司的指引。对盈利能力的平均预测为 2.54 美元，低于该指引。</p>

<p>Fabrinet 的股票在其 2025 财年第三季度财报发布后下跌超过 7%，尽管收入增长了 19%，达到了 8.718 亿美元，超出了分析师的预期。然而，净收入仅有微幅改善，调整后的每股收益为 2.52 美元，未达到 2.54 美元的预测。公司对第四季度提供了指导，预计收入将在 8.6 亿到 9 亿美元之间，表明至少 14% 的同比增长，调整后的净收入预计在 2.55 美元到 2.70 美元之间</p>

<p>The market wasn't seeing great value in optical equipment specialist <strong>Fabrinet</strong>(FN -7.13%) on Tuesday. Some investors traded out of the stock aggressively on the back of the company's latest quarterly earnings release. The shares lost more than 7% of their value on a day when the damage to the <strong>S&amp;P 500</strong> index was limited to a 0.8% slump.</p>
<div class="lb-trans"><p>周二，市场对光学设备专家 <strong>Fabrinet</strong>(FN -7.13%) 的价值并不看好。一些投资者在公司最新季度财报发布后积极抛售该股票。该股在当天损失了超过 7% 的价值，而 <strong>S&amp;P 500</strong> 指数的跌幅仅限于 0.8%。</p>
</div><h2>Slight profitability improvement</h2>
<div class="lb-trans"><h2>盈利能力略有改善</h2>
</div><p>For its fiscal third quarter of 2025, Fabrinet's revenue rose by 19% year over year to $871.8 million. That was more than good enough to top not only the company's own guidance, but the average $858.3 million consensus analyst estimate.</p>
<div class="lb-trans"><p>在 2025 财年第三季度，Fabrinet 的收入同比增长 19%，达到 8.718 亿美元。这一数字不仅超过了公司的指引，也超出了分析师平均预期的 8.583 亿美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc0MjEvcGVyc29uLWxvb2tpbmctYXQtbGFwdG9wLXNjcmVlbi13aXRoLWhlYWQtaW4taGFuZHMuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F817421%2Fperson-looking-at-laptop-screen-with-head-in-hands.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>The story was a bit different on the bottom line, where under GAAP standards Fabrinet's net income only improved marginally over that one-year stretch, landing at $81.3 million. In non-GAAP (adjusted), per-share terms that profitability was $2.52, missing the average analyst projection of $2.54.</p>
<div class="lb-trans"><p>在底线方面情况略有不同，根据 GAAP 标准，Fabrinet 的净收入在这一年间仅小幅改善，达到了 8130 万美元。在非 GAAP（调整后）每股收益方面，该盈利为 2.52 美元，低于分析师平均预测的 2.54 美元。</p>
</div><p>In its earnings release, Fabrinet quoted CEO Seamus Grady as saying that the company &#34;delivered another strong telecom performance with growth that more than offset an anticipated sequential decline in datacom revenue.&#34;</p>
<div class="lb-trans"><p>在财报发布中，Fabrinet 引用首席执行官 Seamus Grady 的话称，公司 “在电信领域再次实现了强劲表现，增长超过了预期的数据信息收入的季节性下降。”</p>
</div><h2>Guidance meets or exceeds analyst estimates</h2>
<div class="lb-trans"><h2>指引符合或超过分析师预期</h2>
</div><p>Fabrinet proffered guidance for its current (fourth) quarter, forecasting that it will book revenue of $860 million to $900 million, which would mean at least 14% growth year over year. Adjusted net income should land at $2.55 to $2.70, comparing favorably to fourth quarter 2024's $2.41.</p>
<div class="lb-trans"><p>Fabrinet 对其当前（第四）季度提供了指引，预测收入将在 8.6 亿到 9 亿美元之间，这意味着至少 14% 的同比增长。调整后的净收入应在 2.55 到 2.70 美元之间，较 2024 年第四季度的 2.41 美元有良好比较。</p>
</div><p>The consensus analyst estimate for revenue is $885.8 million, which is within the company's guidance. The average pundit projection for profitability, $2.54, is below it.</p>
<div class="lb-trans"><p>分析师对收入的共识预期为 8.858 亿美元，符合公司的指引。对盈利能力的平均预测为 2.54 美元，低于该指引。</p>
</div>

为什么 Fabrinet 的股票今天表现不佳