Photronics Inc Reports Lower Q4 Results: Revenue Miss and EPS Below Consensus

Wednesday, 21 February 2024, 16:59
Photronics Inc (PLAB) stock is down after reporting its fourth-quarter results, with revenue growth of 2% Y/Y to $216.3 million and adjusted EPS of $0.48 missing estimates. IC revenue rose by 1% Y/Y while FPD revenue increased by 8% Y/Y. However, both revenue streams declined sequentially, impacting investor sentiment.
https://store.livarava.com/20619b68-d0fa-11ee-b891-5254a2021b2b.jpe
Photronics Inc Reports Lower Q4 Results: Revenue Miss and EPS Below Consensus

Photronics Stock Plunges

Photronics, Inc (PLAB) stock is trading lower Wednesday after the company reported its fourth-quarter results. The American semiconductor photomask manufacturer’s adjusted EPS of $0.48 missed the consensus of $0.49. IC revenue was $157.6 million, up 1% Y/Y and down by 1% sequentially. FPD revenue was $58.7 million, up 8% from the same quarter last year and down by 7% sequentially.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe