Seeking Alpha

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

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.
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