Photronics Q3 2024 Adj. EPS $0.51 Misses $0.56 Estimate, Sales $210.984M Miss $225.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Photronics reported its Q3 2024 financial results, with adjusted EPS of $0.51 missing the estimate of $0.56, and sales of $210.984 million falling short of the $225 million estimate.
August 29, 2024 | 10:31 am
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NEGATIVE IMPACT
Photronics' Q3 2024 financial results were below expectations, with both EPS and sales missing analyst estimates. This could lead to negative sentiment among investors.
Photronics' Q3 2024 earnings and sales both missed analyst expectations, which is likely to result in negative investor sentiment and potential short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100