Revenue for the quarter rose 14% over the previous year to $124.9 million, ahead of analysts expectations of $122.7 million for the precision photographic quartz plates manufacturer.
Photronic shares are flat in after-hours trading on Tuesday.
TheStreet Ratings team rates PHOTRONICS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate PHOTRONICS INC (PLAB) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: PLAB Ratings Report
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