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 …