technology
Photronics Reports Lower-Than-Expected Earnings and Revenue
Photronics Inc. posted second-quarter results below analyst estimates and issued third-quarter guidance that also missed expectations. The company's shares declined following the release.
May 29, 1:46 PM·1m read1 source
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Photronics Inc. reported second-quarter earnings of 42 cents per share, below the consensus estimate of 54 cents per share. 7 million. The company also provided guidance for the fiscal third quarter of 2026. 7 million, and non-GAAP diluted earnings per share of 39 to 45 cents, below the 56-cent consensus target.
Chairman and CEO George Macricostas addressed factors affecting the company's performance. He noted temporary headwinds across the supply chain. 32 percent on the same day.
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