Fabrinet (NYSE:FN) shares are climbing after the company reported its fourth-quarter financial results Monday after the closing bell. Here's a look at the details from the report.
The Details: Fabrinet reported quarterly earnings of $2.41 per share, which beat the analyst consensus estimate of $2.24 by 7.59%. Quarterly sales clocked in at $753.261 million, which beat the analyst consensus estimate and is a 14.85% increase in sales from the same period last year.
"Our strong fourth-quarter results capped a remarkable fiscal year, representing our fourth quarter in a row of record revenue, and record earnings per share, both of which were above our guidance ranges. We remain optimistic about our future, with numerous drivers that position us to extend our track record of success into fiscal year 2025," said Seamus Grady, CEO of Fabrinet.
Outlook: Fabrinet expects first-quarter revenue to be in the range of $760 million to $780 million and earnings to be in the range of $2.33 to $2.40 per share.
FN Price Action: According to Benzinga Pro, Fortinet shares are up 9.12% after-hours at $252.67 at the time of publication Monday.