Investing.com - Fabrinet (NYSE:FN) reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fabrinet announced earnings per share of $1.97 on revenue of $655.4M. Analysts polled by Investing.com anticipated EPS of $1.69 on revenue of $630M.
Fabrinet shares are up 6% from the beginning of the year, still down 11.79% from its 52 week high of $126.28 set on January 5.
Fabrinet shares gained 3.50% in after-hours trade following the report.
Fabrinet follows other major Information Technology sector earnings this month
Fabrinet's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar