🔴 Fabrinet is trading 4.22% down today after negative free cash flow

Fabrinet is trading 4.22% down at $418.26 as investors digest its August 17 earnings release and weak cash generation.

• Fourth-quarter revenue reached $1.316 billion and non-GAAP EPS was $4.10, while quarterly free cash flow was negative $36.9 million on $92 million in capital expenditures.
• Full-year free cash flow fell to approximately $4.2 million; inventory and borrowing raised expansion-funding concerns.
• The company-specific decline extends the sharp post-earnings selloff begun August 18; broader technology weakness may add pressure.