Fabrinet (FN +5%) shares move higher after FQ1 earnings and revenue rose more than expected, and...

|About: Fabrinet (FN)|By:, SA News Editor

Fabrinet (FN +5%) shares move higher after FQ1 earnings and revenue rose more than expected, and investors like the company's candor in detailing flood damage to factories in Thailand that damaged its hard-drive manufacturing operations. Fabrinet says it can't yet anticipate net operating results for FQ2, although it anticipates suffering a net loss on declining revenue.