Fabrinet (FN) Meets Q1 Earnings Estimates

Fabrinet (FN) came out with quarterly earnings of $2.39 per share, in line with the Zacks Consensus Estimate. This compares to earnings of$2 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company that assembles optical, electro-mechanical and electronic devices for other companies would post earnings of $2.25 per share when it actually produced earnings of$2.41, delivering a surprise of 7.11%.Over the last four quarters, the company has su ...