These Analysts Revise Their Forecasts On Fabrinet After Q2 Results

Fabrinet FN reported upbeat second-quarter results on Monday.Revenue was $833.6 million, beating the consensus of$814.3 million. Adjusted EPS of $2.61 exceeded the consensus of$2.50."Our telecom performance was very strong and benefited from both increasing demand for datacenter interconnect products as well as early progress from recent systems wins," Seamus Grady, Chief Executive Officer of Fabrinet, said. "While datacom demand has slightly moderated near-term we continue to anticipate more rapid growth ...