Fabrinet, headquartered in Santa Clara, California with 14,663 employees, specializes in optical and electronic manufacturing services for original equipment manufacturers, including complex products like optical components and medical devices. The company, which went public in 2010, offers extensive capabilities in design, engineering, manufacturing, and testing of high-complexity products, focusing on both custom and standard optical and glass products.
FN has been in the news recently: Fabrinet achieved a record fourth quarter revenue of $753.3 million and earnings per share of $2.22, surpassing expectations for a strong fiscal year. Eli Lilly's shares increased by 1.7% following a late-stage trial showing its weight-loss drug significantly reduces the risk of Type 2 diabetes, while Bank of America shares fell by 2% after Berkshire Hathaway reduced its stake in the company.
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