Photronics Expects Q3 Revenue Of $224M-$234M Vs Consensus $220M, Adj EPS $0.48-$0.54 Vs Consensus $0.48
Portfolio Pulse from Benzinga Newsdesk
Photronics expects Q3 revenue to be between $224M-$234M, surpassing the consensus estimate of $220M. The company also anticipates adjusted EPS of $0.48-$0.54, in line with the consensus of $0.48.
May 24, 2023 | 10:10 am
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Photronics' Q3 revenue and adjusted EPS projections exceed consensus estimates, indicating a positive outlook for the company.
Photronics' higher-than-expected Q3 revenue and in-line adjusted EPS projections suggest that the company is performing well and may experience a positive short-term impact on its stock price. The news is highly relevant and important for investors, as it directly pertains to the company's financial performance.
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