10:13 AM EDT, 03/13/2025 (MT Newswires) -- Fabrinet ( FN ) said Thursday it is revising its fiscal Q3 guidance after the issuance of a warrant to a wholly-owned affiliate of Amazon.com ( AMZN ) to acquire up to 381,922 of its ordinary shares at an exercise price of $208.4826 per share.

The issuance is expected to result in a non-cash stock-based accounting adjustment to revenue of about $4.2 million, with a negative impact on net income per fully diluted share of about $0.12, Fabrinet ( FN ) said in a regulatory filing.

The company said it now expects GAAP diluted EPS of $2.20 to $2.28 and non-GAAP diluted EPS of $2.43 to $2.51 for the quarter ending March 28.

Fabrinet ( FN ) shares rose by nearly 10% in recent trading, while Amazon ( AMZN ) was down by about 2%.

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