Fabrinet (FN) Q4 Earnings Top Estimates, Revenues Up Y/Y
FNFabrinet(FN) ZACKS·2024-08-21 01:26

Fabrinet (FN) reported earnings of 2.41pershareinfourthquarterfiscal2024,beatingtheZacksConsensusEstimateby7.112.41 per share in fourth-quarter fiscal 2024, beating the Zacks Consensus Estimate by 7.11%. The figure increased 29.6% year over year.Revenues of 753.3 million increased 15% on a year-over-year basis and 3% from the previous quarter’s tally, surpassing the consensus mark by 2.55%. The upside was primarily driven by the significant increase in datacom revenues, which rose more than 120% during the year.Quarter in DetailsOptical Communications, as a percentage of revenues ...