Needham & Company Downgrades Photronics (PLAB) to Hold, Model Reset Following Warning
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Photronics Provides Preliminary Fourth Quarter FY 2016 Financial Results
November 10, 2016 4:05 PM ESTBROOKFIELD, CT -- (Marketwired) -- 11/10/16 --
Expects Q4-16 sales to be approximately $107 million, and diluted EPS in the range of $0.02 to $0.03Soft demand across nearly all marketsNet cash expected to increase to over $245 millionFourth quarter earnings announcement scheduled for December 6, 2016Photronics, Inc. (NASDAQ: PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, today provided preliminary results for the fourth quarter of fiscal... More
