India, Aug. 18 -- Fabrinet (FN) shares fell $122.20, or 20.41 percent, to $476.39 on Tuesday, despite the company reporting higher fourth-quarter earnings and revenue.
The stock opened at $513.70 and traded between $474.32 and $520.00 during the session on the New York Stock Exchange. It has traded in a 52-week range of $272.49 to $748.89. Trading volume reached 1.76 million shares, compared with an average daily volume of 0.95 million shares.
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Earnings rose to $139.26 million, or $3.83 per share, from $87.21 million, or $2.42 per share, a year earlier. Adjusted earnings were $149.08 million, or $4.10 per share. Revenue increased 44.7 percent to $1.316 bi...