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.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PLAB at


Keywords: Photronics, Earnings Report