Photronics (NASDAQ:PLAB) Announces Earnings Results

Photronics (NASDAQ:PLAB) posted its quarterly earnings results on Thursday. The semiconductor company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05), Briefing.com reports. Photronics had a net margin of 15.14% and a return on equity of 9.73%. The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $225.00 million. During the same period in the prior year, the business earned $0.51 earnings per share. Photronics’s revenue was down 5.9% compared to the same quarter last year. Photronics updated its Q4 2024 guidance to 0.480-0.540 EPS and its Q4 guidance to $0.48-0.54 EPS.

Photronics Trading Up 3.5 %

Shares of PLAB opened at $24.92 on Friday. The business’s 50 day moving average is $24.53 and its 200 day moving average is $26.87. Photronics has a 12-month low of $18.03 and a 12-month high of $34.16. The company has a market capitalization of $1.58 billion, a PE ratio of 11.54 and a beta of 1.38.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.