GRAND CAYMAN, Cayman Islands (AP) _ Fabrinet (FN) on Monday reported fiscal second-quarter net income of $48.9 million.

The Grand Cayman, Cayman Islands-based company said it had net income of $1.30 per share. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.50 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.

The company that assembles optical, electro-mechanical and electronic devices for other companies posted revenue of $566.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $555.8 million.

For the current quarter ending in April, Fabrinet expects its per-share earnings to range from $1.48 to $1.55.

The company said it expects revenue in the range of $560 million to $580 million for the fiscal third quarter.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FN at https://www.zacks.com/ap/FN

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