10% drop in Photronics (PLAB) shares after missing Q2 earnings expectations.
Photronics (PLAB) shares dropped 10% after Q2 earnings report, missing the 55c/share Wall Street expectation with adjusted EPS of 46c/share. Q2 revenues of $217m, down 5% YOY, and missed the $231m consensus. Order rates recovered slower than usual due to Lunar New Year, and a $3m revenue hit from Taiwan earthquakes.
May 22, 2024
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