Why Is Photronics Stock Plunging Wednesday?

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Photronics, Inc (NASDAQ:PLAB) stock is trading lower Wednesday after the company reported its fourth-quarter results.

The company clocked revenue growth of 2% year-on-year (Y/Y) to $216.3 million, missing the consensus of $220.0 million. The American semiconductor photomask manufacturer’s adjusted EPS of $0.48 missed the consensus of $0.49.

IC revenue was $157.6 million, up 1% Y/Y and down by 1% sequentially. FPD revenue was …

Full story available on Benzinga.com


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