Fabrinet (NYSE:FN) is reporting first quarter financial results on Monday 2nd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, FN is expected to report 1Q21 income of $ 0.98 per share from revenue of $ 421.65 million.
For the full year, analysts anticipate top line of $ 1734.39 million, while looking forward to income of $ 4.14 per share bottom line.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 0.93 ~ $ 1.00 per share, while revenues are expected in a range of $ 410.00 million ~ $ 430.00 million
Click Here For More Historical Outlooks Of Fabrinet
Stock Performance
On Friday, shares of Fabrinet has traded high as $ 60.88 and has cracked $ 59.45 on the downward trend, reaching $ 60.02 with volume of 127.00 thousand shares.
According to the previous trading day, closing price of $ 60.02, representing a 38.25 % increase from the 52 week low of $ 44.00 and a 20.85 % decrease over the 52 week high of $ 76.85.
The company has a market capital of $ 2.22 billion and is part of the Technology sector and Electronic Components industry.
Conference Call
Fabrinet will be hosting a conference call at 5:00 PM eastern time on 2nd November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fabrinet.com
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing. Its products include switching products, including reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths, speeds, and over various distances.
