GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Fabrinet (FN) on Monday reported profit of $81.3 million in its fiscal third quarter.
On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had net income of $2.25. Earnings, adjusted for stock option expense and restructuring costs, were $2.52 per share.
The company that assembles optical, electro-mechanical and electronic devices for other companies posted revenue of $871.8 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $857.2 million.
For the current quarter ending in June, Fabrinet expects its per-share earnings to range from $2.55 to $2.70.
The company said it expects revenue in the range of $860 million to $900 million for the fiscal fourth quarter.
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