Why Photronics Shares Are Jumping Today
Portfolio Pulse from Lekha Gupta
Photronics reported Q2 FY23 revenue growth of 12% Y/Y to $229.3 million, beating the consensus of $211 million. Adjusted EPS of $0.54 also beat the consensus of $0.44. The company expects Q3 revenue of $224 million-$234 million and adjusted EPS of $0.48-$0.54. PLAB shares traded higher by 12.7% at $19.40.
May 24, 2023 | 2:45 pm
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POSITIVE IMPACT
Photronics' Q2 FY23 revenue and adjusted EPS beat consensus estimates, driving PLAB shares up 12.7%.
Photronics reported better-than-expected Q2 FY23 revenue and adjusted EPS, which indicates strong financial performance. This positive news has led to an increase in the stock price, as investors react positively to the company's growth and outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100