Photronics (PLAB -3%) slides after lowering Q4 guidance , now expecting its EPS to be $0.03 to...

|By:, SA News Editor

Photronics (PLAB -3%) slides after lowering Q4 guidance , now expecting its EPS to be $0.03 to $0.04 per share on revenue of $102M to $103M, below Street consensus estimates of $0.16 per share on revenue $116M. Regardless, DA Davidson says the risk/reward outlook for the stock is quite compelling, noting that it likely marks a cyclical/seasonal bottom for the company. The firm thinks the company's longer term growth drivers remain intact and reiterates a Buy .