BANGKOK -- Fabrinet reported fiscal third quarter net income more than doubled to $47.7 million, up from $21.1 million a year ago. For the period ended March 28, revenue rose 7.8% from a year ago to $167.7 million.

Chief executive Tom Mitchell said, "The third quarter was another period of solid execution for the company, with revenue and non-GAAP earnings per share demonstrating growth over the prior year. With industry demand showing signs of improving, I am confident that we will continue to execute on our vision of providing world-class service to our customers and delivering profitable growth for our shareholders.

Fabrinet guided for June quarter revenue of $169 million to $173 million.

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