On June 26, Fabrinet declined 5.64% in regular trading, trading at $542.78/share, with turnover of $67.15 million. The Electronic Manufacturing Services sector broadly weakened, with TTM Technologies down 6.2%, Celestica down 3.71%, TE Connectivity down 1.97%, Jabil Circuit down 1.74%, and Flex Ltd down 1.33%, amplifying downward pressure on individual names through sector linkage.
On the fundamental side, the company previously reported record fiscal Q3 results with revenue of $1.214 billion and adjusted EPS of $3.72, representing a 47.6% year-over-year increase that beat consensus estimates by 4.49%. However, management issued relatively cautious forward guidance, citing upstream component shortages constraining Datacom shipments. The stock has been in a sustained pullback from approximately $679 following the earnings release, as supply bottlenecks continue to limit near-term earnings visibility and weigh on market sentiment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments