Photronics misses 1Q profit forecasts

BROOKFIELD, Conn. (AP) _ Photronics Inc. (PLAB) on Wednesday reported fiscal first-quarter earnings of $1.9 million.

The Brookfield, Connecticut-based company said it had profit of 3 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The electronics imaging company posted revenue of $109.8 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $108.8 million.

For the current quarter ending in May, Photronics said it expects revenue in the range of $105 million to $115 million.

Photronics shares have remained unchanged since the beginning of the year. The stock has increased 20 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLAB at https://www.zacks.com/ap/PLAB

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Keywords: Photronics, Earnings Report