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Photronics: Fiscal 3Q Earnings Snapshot

August 20, 2019 GMT

BROOKFIELD, Conn. (AP) _ Photronics Inc. (PLAB) on Tuesday reported fiscal third-quarter earnings of $6.3 million.

The Brookfield, Connecticut-based company said it had profit of 10 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 10 cents per share.

The electronics imaging company posted revenue of $138.1 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $137.1 million.

For the current quarter ending in October, Photronics said it expects revenue in the range of $143 million to $151 million.

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Photronics shares have decreased nearly 4% since the beginning of the year. The stock has increased 6.5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLAB at https://www.zacks.com/ap/PLAB

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