Photronics Reports Second Quarter Fiscal 2019 Results
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Photronics, Inc. (PLAB) Tops Q2 EPS by 7c, Revenues Beat; Offers 3Q EPS/Revenue Outlook
May 22, 2019 6:22 AM EDTPhotronics, Inc. (NASDAQ: PLAB) reported Q2 EPS of $0.13, $0.07 better than the analyst estimate of $0.06. Revenue for the quarter came in at $131.6 million versus the consensus estimate of $130.05 million.
Second quarter 2019 revenue was $131.6 million, up 6% sequentially and 1% year-over-yearNet income attributable to Photronics, Inc. shareholders was $8.5 million, or $0.13 per diluted shareCash balance was $167.1 million, with capital expenditures of $33.5 million primarily to fund China investmentsRepaid $57.5 million convertible security, reducing total debt... More