Photronics Expects Q2 Revenue Of $226M-$236M (Est $230M), Adj EPS Of $0.50-$0.58 (Est $0.56)
Portfolio Pulse from Benzinga Newsdesk
Photronics anticipates Q2 revenue to be between $226M-$236M, aligning with an estimated $230M, and adjusted EPS to range from $0.50-$0.58, closely matching the estimated $0.56.
February 21, 2024 | 11:35 am
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Photronics expects its Q2 revenue to be in the range of $226M-$236M, with an adjusted EPS of $0.50-$0.58, closely aligning with market estimates.
Photronics' guidance for Q2 revenue and adjusted EPS closely matches market expectations, indicating a positive outlook and potentially leading to a positive short-term impact on its stock price. The alignment with estimates suggests that the company is performing as expected, which could reassure investors and positively influence the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100