Fabrinet Issues Weak Guidance as Headwinds Mount
Shares of optical and electronic manufacturing services provider Fabrinet (NYSE: FN) checked all the boxes with its fourth-quarter results, beating analyst estimates across the board and registering strong revenue and earnings growth. But the company is facing some headwinds going into the new fiscal year, which pushed its first-quarter guidance well below expectations. Here's what investors need to know.
Despite what Fabrinet CEO Seamus Grady called "unusual business dynamics" experienced during the fiscal fourth quarter, the company managed to grow both revenue and adjusted earnings at double-digit rates.
Metric
Source Fool.com
