Fabrinet reports strong Q2 earnings, beats forecasts, and raises Q3 guidance, boosting stock to $226.85.

Fabrinet, an optical packaging and precision manufacturing company, reported strong second-quarter earnings, with revenue up 17% to $833.6 million and EPS of $2.38, exceeding analyst expectations. The company updated its third-quarter guidance, predicting revenue between $850 million and $870 million and EPS between $2.55 and $2.63, surpassing consensus estimates. Fabrinet's stock rose to $226.85 on the update.

2 months ago
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