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Benzinga
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These Analysts Increase Their Forecasts On Fabrinet After Upbeat Q4 Results

1. Fabrinet's Q4 revenue hit $909.69 million, surpassing estimates of $884.87 million. 2. Adjusted EPS for Q4 reached $2.65, exceeding estimates of $2.64. 3. Fabrinet anticipates Q1 revenue between $910 million and $950 million. 4. Analysts updated price targets post-earnings; majority maintained or increased ratings. 5. Shares fell 10.3% to $293.32 following the earnings announcement.

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FAQ

Why Neutral?

Despite strong earnings, a significant share price drop indicates market concerns. Historical trends show initial declines after earnings may correct over time if momentum continues.

How important is it?

Strong Q4 performance could drive future interest, but immediate reactions indicate volatility. Analysts' ratings suggest mixed market sentiment which is crucial for FN's immediate price direction.

Why Short Term?

Immediate reactions to earnings provide a short-term market impact. However, long-term outlook could improve if performance persists.

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