Fabrinet reports Q2 EPS $2.61, consensus $2.49

Reports Q2 revenue $833.61M, consensus $813.57M. Seamus Grady, CEO of Fabrinet (FN), said, “With continued business momentum, we exceeded our guidance for revenue and net income per share in the second quarter. Our telecom performance was very strong and benefited from both increasing demand for datacenter interconnect products as well as early progress from recent systems wins. While datacom demand has slightly moderated near-term we continue to anticipate more rapid growth as next-generation products ramp production. With several positive trends, we are very optimistic as we look to the third quarter and beyond.”