Photronics (NASDAQ:PLAB) Posts Earnings Results, Misses Expectations By $0.05 EPS

Photronics (NASDAQ:PLAB) released its quarterly earnings data on Thursday. The semiconductor company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05), Briefing.com reports. Photronics had a net margin of 15.14% and a return on equity of 9.73%. The company had revenue of $211.00 million during the quarter, compared to the consensus estimate of $225.00 million. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. Photronics updated its Q4 2024 guidance to 0.480-0.540 EPS and its Q4 guidance to $0.48-0.54 EPS.

Photronics Price Performance

Shares of NASDAQ:PLAB opened at $24.92 on Friday. The firm’s 50 day simple moving average is $24.53 and its 200 day simple moving average is $26.87. Photronics has a fifty-two week low of $18.03 and a fifty-two week high of $34.16. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.54 and a beta of 1.38.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.