Photronics (PLAB) Misses Q3 EPS by 2c; Guides Q4 Revenue Below Views

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Go back to Photronics (PLAB) Misses Q3 EPS by 2c; Guides Q4 Revenue Below Views

Photronics Reports Third Quarter Fiscal 2016 Results

August 18, 2016 7:44 AM EDT

BROOKFIELD, CT -- (Marketwired) -- 08/18/16 -- Photronics, Inc. (NASDAQ: PLAB) -

Third quarter sales were $123.2 million, slightly higher sequentially and down 6% compared with last yearNet income was $8.1 million ($0.12 per diluted share) FPD sales increased 14% year-over-year, high-end FPD sales were up 20%Net cash improved $99 million sequentially with payment received from former joint venture partner, providing additional financial strength and flexibility to fund growthFourth quarter 2016 guidance: sales between $118 and $128 million; diluted EPS between $0.09 and $0.17

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