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Fabrinet (NYSE:FN) shares are trading lower premarket on Tuesday after it reported second-quarter results on Monday.
Revenue was $833.6 million, beating the consensus of $814.3 million. Adjusted EPS of $2.61 exceeded the consensus of $2.50.
Seamus Grady, Chief Executive Officer of Fabrinet, said, “Our telecom performance was very strong and benefited from both increasing demand for datacenter interconnect products as well as early progress from recent systems wins.”
”While datacom demand has slightly moderated near-term we ...
