Photronics Fiscal Q4 Non-GAAP Net Income Rises, Revenue Falls; Fiscal Q1 Outlook Issued

MT Newswires Live12-10

Photronics (PLAB) reported fiscal Q4 non-GAAP net income Wednesday of $0.60 per diluted share, up from $0.59 a year earlier.

Three analysts polled by FactSet expected $0.45.

Revenue for the quarter ended Oct. 31 was $215.8 million, compared with $222.6 million a year earlier.

Three analysts surveyed by FactSet expected $205.2 million.

For fiscal Q1, Photronics said it expects non-GAAP net income of between $0.51 and $0.59 per diluted share. Three analysts polled by FactSet expect $0.46. Revenue for fiscal Q1 is forecast in the range of $217 million to $225 million. Three analysts polled by FactSet expect $207.3 million.

Photronics shares were up more than 15% pre-bell Wednesday.

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