🟢 Fabrinet is trading 12.5% up today after earnings beat and above-consensus outlook

Fabrinet is trading at $353.99 (+12.48%) after November 2 results beat analyst estimates and exceeded the company’s guidance.

• Revenue was $1.47 billion, up 51% year over year; non-GAAP EPS was $4.34.
• Second-quarter revenue guidance is $1.6–$1.65 billion and non-GAAP EPS guidance is $4.77–$4.92, both above analyst expectations.
• Strong data-center and AI-optics demand supported growth.