Photronics, Inc. (PLAB) Misses Q3 EPS by 3c

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Go back to Photronics, Inc. (PLAB) Misses Q3 EPS by 3c

Photronics Reports Third Quarter Fiscal 2017 Results

August 14, 2017 4:00 PM EDT

BROOKFIELD, CT -- (Marketwired) -- 08/14/17 --

Third quarter sales were $111.6 million, up 3% sequentially with moderate growth in both IC and FPDNet income attributable to Photronics, Inc. shareholders was $4.0 million ($0.06 per diluted share)Increased capital expenditures to fund strategic growth brought net cash1 down slightly during the third quarter to $277 million; balance sheet retains financial strength and flexibility to fund growthFourth quarter 2017 guidance: sales between $108 and $116 million; diluted EPS between $0.03 and $0.09

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