Why Fabrinet Stock Just Plummeted
Fabrinet just served up strong quarterly results. So why did the stock get crushed?
Overview
Fabrinet (NYSE: FN) stock got hit with a big pullback in Tuesday's trading. The optical technologies specialist's share price fell 19.4% in a session that saw the S&P 500 decline 0.7% and the Nasdaq Composite decline 1.4%.
After the market closed yesterday, Fabrinet published results for the fourth quarter of its 2026 fiscal year -- which wrapped on June 26. The company posted fiscal Q4 results that exceeded Wall Street's targets, but investors weren't happy with management's forward guidance.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.