๐ FN -9%: Fabrinet dumps post-earnings despite record revenue โ margins spook investors
Fabrinet ($FN) is down ~9% this morning even after posting record Q4 revenue and EPS of $4.10 vs. $3.81 expected. The problem: margins compressed, free cash flow turned negative, and the near-term profit outlook disappointed. Full-year revenue was up an impressive 36% YoY but buy-the-rumor, sell-the-news is in full effect. Is this an overreaction to one soft quarter or a real red flag? Not financial advice.
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