Photronics, Inc. (PLAB) Tops Q2 EPS by 8c, Beats on Revenues; Offers 3Q EPS/Revenues Outlook Above Consensus

Photronics, Inc. (NASDAQ: PLAB) reported Q2 EPS of $0.15, $0.08 better than the analyst estimate of $0.07. Revenue for the quarter came in at $130.8 million versus the consensus estimate of $124.17 million.

• Second quarter 2018 revenue was $130.8 million, up 6% sequentially and 21% year-over-year
• High-end IC revenue surged 83% year-over-year on strong demand from Asia foundries
• Net income attributable to Photronics, Inc. shareholders was $10.7 million ($0.15 per diluted share)
• Third quarter 2018 guidance: revenue between $128 and $136 million with diluted EPS between $0.12 and $0.18

GUIDANCE:

Photronics, Inc. sees Q3 2018 EPS of $0.12-$0.18, versus the consensus of $0.09. Photronics, Inc. sees Q3 2018 revenue of $128-136 million, versus the consensus of $128 million.

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

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