Photronics Q2 Adj EPS $0.54 Beats $0.44 Estimate, Sales $229.31M Beat $211.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Photronics reported Q2 adjusted EPS of $0.54, beating estimates of $0.44, and sales of $229.31M, surpassing the $211.00M estimate. This represents a 10.2% increase in earnings and a 12.13% increase in sales compared to the same period last year.
May 24, 2023 | 10:07 am
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Photronics' Q2 earnings and sales beat estimates, with a 10.2% increase in earnings and a 12.13% increase in sales YoY.
Photronics' Q2 results exceeded analyst expectations, with both earnings and sales surpassing estimates. The company's earnings increased by 10.2% and sales by 12.13% compared to the same period last year. This positive financial performance is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100