Photronics Reports First Quarter Fiscal 2021 Results

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Go back to Photronics Reports First Quarter Fiscal 2021 Results

Stifel Downgrades Photronics (PLAB) to Hold

February 24, 2021 11:47 PM EST

Stifel analyst Patrick Ho downgraded Photronics (NASDAQ: PLAB) from Buy to Hold with a price target of $13.00.

The analyst comments "On Wednesday, Photronics reported 1Q21 (Jan) earnings ahead of expectations and provided an outlook generally in line. Coming out of earnings,... More

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

February 24, 2021 6:15 AM EST

Photronics, Inc. (NASDAQ: PLAB) reported Q1 EPS of $0.13, $0.02 better than the analyst estimate of $0.11. Revenue for the quarter came in at $152.1 million versus the consensus estimate of $150.03 million.

Revenue was $152.1 million, up 2% sequentially and down 5% year-over-yearNet income attributable to Photronics, Inc. shareholders was $8.0 million, or $0.13 per diluted shareCash provided by... More