Photronics (PLAB) Tops Q4 EPS by 2c; Guides Q1 EPS Below Views
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Photronics Reports Fourth Quarter Fiscal 2016 Results
December 6, 2016 6:00 AM ESTBROOKFIELD, CT -- (Marketwired) -- 12/06/16 --
Fourth quarter sales were $107.4 million, down from previous periods on weak end market demand across nearly all marketsNet income of $5.3 million ($0.08 per diluted share) includes non-recurring tax benefit of $1.8 million ($0.03 per diluted share)Net cash improved to $247 million, providing additional financial strength and flexibility to fund growthFirst quarter 2017 guidance: sales between $104 and $112 million; diluted EPS between $0.01 and $0.06Photronics, Inc. (NASDAQ: PLAB), a worldwide leader in supplying innovative imaging technology... More
