Fabrinet Blows Doors Off with Huge March Quarter
BANGKOK -- Fabrinet reported fiscal third quarter revenue of $366.8 million, up 46% from 2016.
For the period ended Mar. 31, GAAP net income was $21.7 million, up 4.3%, including a foreign exchange loss of $3.7 million.
"We had a strong third quarter, with revenue that exceeded our guidance range and grew 46% from a year ago," said chief executive Tom Mitchell. "We are benefiting from growth in a variety of existing customer programs that are further supported by new business. Our new facility in Chonburi, Thailand and our new product introduction facilities in Santa Clara, California and the UK are also making important contributions that we expect to expand as we look ahead."
Fabrinet expects fiscal fourth quarter revenue of $361 million to $365 million.
