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Photronics climbs on bottom-line beat in FQ4, management remarks on 2014

Dec. 11, 2013 1:40 PM ETPhotronics, Inc. (PLAB) StockPLABBy: 2, SA News Editor
  • Photronics (PLAB +12.2%) shares climb after a bottom-line beat in FQ4.
  • The market may also be happy about positive comments by management looking forward. CFO Sean Smith said on the conference call that although the company is not issuing specific guidance, it "expect[s] to see substantial growth" in Q2 and Q3 of 2014.
  • When asked about the quarter's strength in the mainstream ops and its sustainability, Smith observed that it is "a bright spot for us year-over-year," with a slight revenue increase in a market where units are "clearly decreasing. So we're picking up market share there. And our objective is to continue to do that."

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