Fabrinet reports Q1 adjusted EPS 86c, consensus 82c
Reports Q1 revenue $399.3M, consensus $390.3M. Seamus Grady, Chief Executive Officer of Fabrinet, said, "We had a strong start to the year with fiscal first quarter revenue and earnings that exceeded our guidance ranges. We have made significant progress establishing a new product introduction facility in Israel that we expect to be operational in the first part of calendar 2020. We believe Fabrinet Israel can mirror the success we have seen at Fabrinet West in California by attracting new customers and deepening relationships with existing customers. This development, along with our ongoing business success reinforce our confidence as we look ahead."