Photronics, Inc. (PLAB) Misses Q2 EPS by 2c, Miss on Revenues; Light on Q3 EPS Guidance

Photronics, Inc. (NASDAQ: PLAB) reported Q2 EPS of $0.03, $0.02 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $108.3 million versus the consensus estimate of $111.16 million.

• Second quarter sales were $108.3 million, essentially flat sequentially; strong FPD growth was offset by a decline in IC demand
• Net income attributable to Photronics, Inc. shareholders was $1.8 million ($0.03 per diluted share)
• Net cashThird quarter 2017 guidance: sales between $110 and $120 million; diluted EPS between $0.05 and $0.12

GUIDANCE:

Photronics, Inc. sees Q3 2017 EPS of $0.05-$0.12, versus the consensus of $0.17. Photronics, Inc. sees Q3 2017 revenue of $110-120 million, versus the consensus of $126.96 million.

For earnings history and earnings-related data on Photronics, Inc. (PLAB) click here.

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