GEORGE TOWN, Cayman Islands (AP) _ Fabrinet (FN) on Monday reported fiscal third-quarter net income of $37.5 million.

The George Town, Cayman Islands-based company said it had profit of $1 per share. Earnings, adjusted for stock option expense and severance costs, were $1.21 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.

The company that assembles optical, electro-mechanical and electronic devices for other companies posted revenue of $479.3 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $470.3 million.

For the current quarter ending in June, Fabrinet expects its per-share earnings to range from $1.18 to $1.25.

The company said it expects revenue in the range of $475 million to $495 million for the fiscal fourth quarter.

Fabrinet shares have climbed 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $86.11, a rise of 44% in the last 12 months.

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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