Fabrinet Q2 Profit Increases, Beats Estimates

(RTTNews) - Fabrinet (FN) announced a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $86.64 million, or $2.38 per share. This compares with $69.11 million, or $1.89 per share, last year.

Excluding items, Fabrinet reported adjusted earnings of $95.14 million or $2.61 per share for the period.

Analysts on average had expected the company to earn $2.49 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 17.0% to $833.61 million from $712.69 million last year.

Fabrinet earnings at a glance (GAAP) :

-Earnings: $86.64 Mln. vs. $69.11 Mln. last year. -EPS: $2.38 vs. $1.89 last year. -Revenue: $833.61 Mln vs. $712.69 Mln last year.

-Guidance: Full year EPS guidance: $2.55 to $2.63