Investor’s Watch List: Photronics Inc. (NASDAQ: PLAB) – News Description

Investor’s Watch List: Photronics Inc. (NASDAQ: PLAB)

BROOKFIELD, Conn., October 14, 2019 – Shares of Photronics Inc. (NASDAQ: PLAB) showed the bullish trend with a higher momentum of 1.40% to $10.89. The company traded total volume of 315.730K shares as contrast to its average volume of 482.67K shares. The company has a market value of $721.68M and about 66.27M shares outstanding.

Photronics Inc. (PLAB) reported second quarter revenue of $131.60M, 6% better than the previous quarter and 1% better than the same quarter last year. Integrated circuit (IC) revenue was $98.60M, up 4% sequentially and down 4% compared with the second quarter of last year. Flat panel display (FPD) revenue was $33.00M, up 11% compared with last quarter and 16% compared with the same period last year.

Net income attributable to Photronics, Inc. shareholders was $8.50M ($0.13 per diluted share), compared with $5.30M ($0.08 per diluted share) for the first quarter of 2019 and $10.70M ($0.15 per diluted share) for the second quarter of 2018.

Third Quarter 2019 Guidance:

For the third quarter of 2019, Photronics expects revenue to be between $132.0M and $142.0M, and net income attributable to Photronics, Inc. shareholders to be between $0.05 and $0.14 per diluted share.

The Company offered net profit margin of 6.00% while its gross profit margin was 21.90%. ROE was recorded as 4.30% while beta factor was 0.46. The stock, as of recent close, has shown the weekly upbeat performance of 0.37% which was maintained at 12.50% in this year.

About the Author

Donna Pate
Donna Pate
I am Donna Pate and I give “News Description” an insight into the most recent news hitting the “Technology” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 4140 Shadowmar Drive Metairie, LA 70006, USA Phone: (+1) 504-779-3428 Email: [email protected]

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