Photronics, Inc. (PLAB) Reports Q4 EPS of $0.18, Revenues Beat; Offers 1Q19 Revenue Outlook Below Consensus

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Go back to Photronics, Inc. (PLAB) Reports Q4 EPS of $0.18, Revenues Beat; Offers 1Q19 Revenue Outlook Below Consensus

Photronics, Inc. (PLAB) Gains Early on Heavy Volume Following Positive Analyst Comments

December 13, 2018 10:09 AM EST

Photronics, 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