Photronics, Inc. (PLAB) Tops Q3 EPS by 3c, Revenues Beat; Offers 4Q Outlook
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Photronics Reports Third Quarter Fiscal 2018 Results
August 22, 2018 6:00 AM EDTThird quarter 2018 revenue was $136.4 million, up 22% year-over-year and 4% sequentiallyHigh-end IC revenue nearly doubled, improving 94% year-over-year on strong demand from Asia foundriesNet income attributable to Photronics, Inc. shareholders was $13.0 million, or $0.18 per diluted shareCash balance increased to $333 million, with strong operating cash flow of $49.0 millionReturned $6.8 million to shareholders through share repurchase programFourth quarter 2018 guidance: revenue between $133 and $141 million with diluted EPS between $0.14 and $0.19
BROOKFIELD, Conn., Aug. 22, 2018 (GLOBE NEWSWIRE) --... More
