Photronics Q2 Adj $0.46 Misses $0.55 Estimate, Sales $217.00M Miss $231.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Photronics (NASDAQ:PLAB) reported Q2 earnings of $0.46 per share, missing the analyst estimate of $0.55. Sales were $217.00 million, also below the $231.00 million estimate. Both earnings and sales decreased compared to the same period last year.
May 22, 2024 | 10:32 am
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Photronics reported Q2 earnings of $0.46 per share, missing the analyst estimate of $0.55. Sales were $217.00 million, also below the $231.00 million estimate. Both earnings and sales decreased compared to the same period last year.
Photronics' Q2 earnings and sales both missed analyst estimates and showed a year-over-year decline. This negative performance is likely to impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100