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Fabrinet (FN +31.2%) is having a memorable day after reporting FQ1 revenue of $158.6M (-15% Y/Y)...

Fabrinet (FN +31.2%) is having a memorable day after reporting FQ1 revenue of $158.6M (-15% Y/Y) and EPS of $0.36, soundly beating a consensus of $147M and $0.31. FQ2 guidance is for revenue of $159M-$163M and EPS of $0.35-$0.37, above a consensus of $154M and $0.33. The news is lifting some optical component names, due to Fabrinet's status as a top contract manufacturer for the industry. JDSU +2.5%. FNSR +3.2%. NPTN +4.1%.

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