Recap: Photronics Q4 Earnings

Photronics PLAB reported its Q4 earnings results on Wednesday, December 13, 2023 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

Photronics beat estimated earnings by 13.21%, reporting an EPS of $0.6 versus an estimate of $0.53.

Revenue was up $17.21 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 5.93% drop in the share price the next day.

Here's a look at Photronics's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.52 0.44 0.4 0.48
EPS Actual 0.51 0.54 0.4 0.60
Revenue Estimate 230.00M 211.00M 201.00M 210.00M
Revenue Actual 224.21M 229.31M 211.09M 210.27M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Photronics management provided guidance for Q1 2024, expecting earnings between $0.45 and $0.53 per share.

To track all earnings releases for Photronics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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