🔴 Fabrinet is trading 5.3% down today on weaker margins and below-consensus EPS guidance

Fabrinet is trading 5.3% down at $459.37 after investors focused on weaker margins and first-quarter GAAP EPS guidance below analyst expectations.

• Fourth-quarter revenue reached $1.316 billion, while non-GAAP EPS was $4.10.
• Negative free cash flow also weighed after the August 17 earnings release.
• The stock fell 19.38% to $482.59 on August 18 as broader technology weakness and elevated yields added sector pressure.