Fabrinet
- Fabrinet soared 31.5% to $153.66 after the advanced manufacturing company reported better-than-expected quarterly results.
Revenue increased to $655.9 million compared to $587.9 million and net income increased to $60.8 million from $56.2 million and diluted earnings per share rose to $1.65 from $1.51 a year earlier.
Fabrinet's Board of Directors approved the repurchase of up to an additional $47.6 million of the company's ordinary shares, bringing the aggregate authorization under the existing share repurchase program to $294.8 million, with $100 million still available.
Aug 22, 2023
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