Photronics, Inc. (PLAB) Reports In-Line Q1 EPS; Guides Q2 Below
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Photronics Reports First Quarter Fiscal 2017 Results
February 15, 2017 6:00 AM ESTBROOKFIELD, CT -- (Marketwired) -- 02/15/17 --
First quarter sales were $109.8 million, up 2% sequentially on improved IC salesNet income attributable to Photronics, Inc. shareholders was $1.9 million ($0.03 per diluted share)Net cash1 improved to $264 million, providing additional financial strength and flexibility to fund growthPlan to break ground on new, state-of-the-art IC photomask facility in China by the end of FebruarySecond quarter 2017 guidance: sales between $105 and $115 million; diluted EPS between $0.01 and $0.07Photronics, Inc. (NASDAQ:... More
