Photronics Reports Fourth Quarter Fiscal 2018 Results
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Photronics, Inc. (PLAB) Gains Early on Heavy Volume Following Positive Analyst Comments
December 13, 2018 10:09 AM ESTPhotronics, Inc. (NASDAQ: PLAB) sees strong early gains. Shares up 6% on volume that is running 2x the norm.
In a note this morning, DA Davidson analyst Thomas Diffely said business accelerating in China, balance sheet remains strong, fabs to come online over the next few months. The analyst reiterated a Buy rating and $15 price target.
Diffely commented, "Current strength is driven by a mix... More
Photronics, Inc. (PLAB) Reports Q4 EPS of $0.18, Revenues Beat; Offers 1Q19 Revenue Outlook Below Consensus
December 12, 2018 6:03 AM ESTPhotronics, Inc. (NASDAQ: PLAB) reported Q4 EPS of $0.18. Revenue for the quarter came in at $144.7 million versus the consensus estimate of $137.2 million.
Fourth quarter 2018 revenue was a record $144.7 million, up 20% year-over-year and 6% sequentially Record FPD revenue of $33.8 million on strong high-end AMOLED demand Full-year 2018 revenue was a record $535.3 million, up 19% over the previous year Net income attributable to Photronics, Inc. shareholders was $12.5 million, or... More