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.