Photronics Expects Q4 Revenue Of $213M-$221M Vs $220M Est, Adj EPS Of $0.48-$0.54 Vs $0.54 Est
Portfolio Pulse from Benzinga Newsdesk
Photronics has provided guidance for its fourth quarter of fiscal 2024, expecting revenue between $213 million and $221 million, slightly below the $220 million estimate. The adjusted EPS is projected to be between $0.48 and $0.54, compared to the $0.54 estimate.
August 29, 2024 | 10:36 am
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Photronics' Q4 fiscal 2024 guidance indicates revenue slightly below estimates and adjusted EPS potentially below expectations, which may impact investor sentiment.
The guidance provided by Photronics for Q4 fiscal 2024 shows revenue and EPS estimates that are slightly below market expectations. This could lead to a negative short-term reaction from investors as the company may not meet the anticipated financial performance. The stock price might experience downward pressure as a result.
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