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Barchart
Barchart
Jabran Kundi

Fabrinet Just Lost Billions in Market Value Due to Nvidia. Here’s Why the Reaction Is Overdone.

Fabrinet Nvidia FN

Fabrinet (FN) just delivered one of its strongest quarters ever, yet the market still punished shares. FN stock dropped almost 20% in a single trading session on Aug. 18 despite results that beat on almost every line.

Revenue rose 45% from a year ago to a record $1.32 billion in the fiscal fourth quarter, coming in ahead of estimates. Non-GAAP EPS of $4.10 also beat the $3.81 analysts expected. The company guided the next quarter well above forecasts as well.

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