Photronics Sees Q3 Revenues Of $221M-$229M Vs. $240M Estimate, Company Projects Q3 Adjusted EPS Of $0.53-$0.59 Vs. $0.58 Estimate
Portfolio Pulse from Benzinga Newsdesk
Photronics has announced its Q3 revenue projections to be between $221M and $229M, which is below the $240M estimate. The company also projects Q3 adjusted EPS to be between $0.53 and $0.59, compared to the $0.58 estimate.
May 22, 2024 | 10:36 am
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Photronics has provided Q3 revenue guidance of $221M-$229M, which is below the $240M estimate. The company also projects Q3 adjusted EPS to be between $0.53 and $0.59, compared to the $0.58 estimate.
The revenue guidance is below market expectations, which is likely to negatively impact the stock price in the short term. The adjusted EPS projection is also mixed, with the lower end below the estimate and the higher end slightly above.
CONFIDENCE 90
IMPORTANCE 80
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