Photronics, Inc Expects Q4 Revenue of $222M-$232M Vs $231M Est, Adj EPS $0.51-$0.59 Vs $0.54Est
Portfolio Pulse from Benzinga Newsdesk
Photronics, Inc. has projected its Q4 revenue for fiscal 2023 to be between $222 million and $232 million, with non-GAAP net income per diluted share expected to range from $0.51 to $0.59. These estimates are slightly below the previous estimate of $231 million in revenue and $0.54 per share.
September 06, 2023 | 10:26 am
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Photronics' Q4 revenue and earnings per share forecasts are slightly below estimates, which may negatively impact its stock price in the short term.
Photronics' projected Q4 revenue and earnings per share are slightly below the market's expectations. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100