Photronics Q3 Adj EPS $0.51 Misses $0.52 Estimate, Sales $224.21M Miss $230.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Photronics reported Q3 earnings of $0.51 per share, missing the analyst consensus estimate of $0.52 by 1.92%. The company's quarterly sales were $224.21 million, missing the estimate of $230.00 million by 2.52%. However, this represents a 1.94% increase over sales from the same period last year.
September 06, 2023 | 10:23 am
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NEGATIVE IMPACT
Photronics' Q3 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term.
Photronics' earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market. This could lead to selling pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100