Photronics (NASDAQ:PLAB) reported its Q4 earnings results on Wednesday, December 13, 2023 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Photronics beat estimated earnings by 13.21%, reporting an EPS of $0.6 versus an estimate of $0.53.
Revenue was up $17.21 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 5.93% drop in the share price the next day.
Here’s a look at Photronics’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.52 | 0.44 | 0.4 | 0.48 |
| EPS Actual | 0.51 | 0.54 | 0.4 | 0.60 |
| Revenue Estimate | 230.00M | 211.00M | 201.00M | 210.00M |
| Revenue Actual | 224.21M | 229.31M | 211.09M | 210.27M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Photronics management provided guidance for Q1 2024, expecting earnings between $0.45 and $0.53 per share.
To track all earnings releases for Photronics visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
