Why Fabrinet Stock Blasted Nearly 16% Higher Today
Fabrinet(FN) The Motley Fool·2024-08-21 05:00
The company delivered a splendid quarterly earnings report that featured better-than-expected guidance. Optics equipment supplier Fabrinet (FN 15.74%) was quite the double-digit outperformer on the second trading day of the week. Tuesday saw the company's share price skyrocket by nearly 16%, thanks to an earnings report that well outpaced expectations. Fabrinet stock's performance on the day was particularly impressive considering that the S&P 500 index ended in negative territory, closing the day down by 0 ...