Photronics, Inc. (PLAB) Tops Q1 EPS by 3c, Revenues Miss; Offers 2Q EPS/Revenue Mid-Point Guidance Below Consensus

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Go back to Photronics, Inc. (PLAB) Tops Q1 EPS by 3c, Revenues Miss; Offers 2Q EPS/Revenue Mid-Point Guidance Below Consensus

Photronics Reports First Quarter Fiscal 2019 Results

February 21, 2019 6:00 AM EST

First quarter 2019 revenue was $124.7 million, up 1% year-over-year and down 14% sequentiallyNet income attributable to Photronics, Inc. shareholders was $5.3 million, or $0.08 per diluted shareCash balance was $232 million, with capital expenditures of $107 million as China investments peakedRepurchased 1.1 million shares for $10.7 million; cumulative repurchase of 3.7 million shares for $33.8 million since July 20181Second quarter 2019 guidance: revenue between $125 and $135 million with diluted EPS between $0.03 and $0.10

BROOKFIELD, Conn., Feb. 21, 2019 (GLOBE NEWSWIRE) --  ... More