NYSE:FNElectronic
Could Fabrinet’s (FN) Aggressive Buybacks and Upbeat Outlook Reveal a Shift in Capital Allocation Priorities?
Fabrinet recently reported first quarter sales of US$978.13 million and net income of US$95.93 million, alongside providing second-quarter revenue guidance between US$1.05 billion and US$1.10 billion and completing a multi-year share buyback program totaling over 3.87 million shares for US$360.28 million.
An interesting aspect is that after consistently executing its share repurchase plan, Fabrinet now anticipates higher revenue and earnings per share, reflecting an optimistic outlook for...