Photronics, Inc (NASDAQ:PLAB) released a first-quarter financial report Wednesday, reporting an adjusted EPS of 52 cents, beating the Wall Street view of 47 cents.
Here’s a breakdown of the earnings:
Also Read: Microsoft Trades At Discount To Oracle Despite Strong Cloud Position: Analyst
Within the Integrated Circuits (IC) and Flat Panel Display (FPD) end markets, Photronics chief Frank Lee observed favorable demand for high-end products, while the most mature mainstream masks were impacted by general market softness. In IC, photomasks supporting node migration and memory were particularly strong. In FPD, Lee continues to strategically leverage our IC technical expertise to drive its market-leading position and market share gains. He remains cautious about 2025.
Outlook: For the second quarter, Photronics expects revenue of $208 million–$216 million (estimate: $225 million). The company expects adjusted EPS of $0.44–$0.50 (estimate: $0.52).
Price Action: PLAB stock is up 0.97% to $20.90 premarket at last check Wednesday.
Also Read:
English