PLAB: Photronics, Inc. Instablogs

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Wednesday, February 13, 4:43 PM Photronics (PLAB): FQ1 EPS of $0.09 beats by $0.06. Revenue of $99.8M beats by $0.92M. (PR) Comment! [Earnings, Breaking News, Consumer]
Thursday, January 17, 12:12 PM Down initially following its Q4 report, ASML (ASML +8%) is now rallying strongly. Though revenue was below estimates, EPS was above, and the lithography giant guided for 2013 sales to be "at a similar level to that of 2012" thanks to a 2H demand pickup. That's going over well in light of bleak industry forecasts. ASML sees investments in advanced 14-20nm processes driving demand, though it expects the memory industry to "continue investing at a minimum level" (a positive for SNDK and MU). CYMI +6.2%. KLAC +6.5%. LRCX +3.3%. AMAT +1.8%. (PR) Comment! [Tech, On the Move, Earnings]
Wednesday, December 5, 2012, 12:45 PM Midday top 10 gainers: MMR +82%. EBOD +69%. MBLX +32%. PXP +26%. UEPS +25%. MITK +23%. AVAV +16%. CYCC +15%. CIE +15%. PLAB +13%.
Midday top 10 Losers: CHTP -36%. LORL -35%. TIBX -21%. MFRM -21%. ANIK -20%. SINO -19%. BLIN -18%. P -17%. THQI -17%. FIZZ -15%. 1 Comment [On the Move]
Tuesday, December 4, 2012, 5:06 PM Photronics (PLAB): FQ4 EPS of $0.07 beats by $0.03. Revenue of $104.2M beats by $2M. (PR) Comment! [Earnings]
Thursday, November 1, 2012, 12:53 PM 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 . Comment! [Earnings, On the Move]
Tuesday, August 14, 2012, 4:35 PM Photronics (PLAB): FQ3 EPS of $0.16 beats by $0.01. Revenue of $116.6M (-14.2% Y/Y) in-line. (PR) Comment! [Earnings, Consumer]
Tuesday, May 15, 2012, 9:56 AM Needham makes a bearish call on chip equipment stocks, and is downgrading Applied Materials (AMAT +0.1%), Ultra Clean Holdings (UCTT -4.3%), and Nova Measuring (NVMI -2.9%) in the process. The firm thinks order rates from major chip manufacturers are decelerating, and is less confident memory capex (ed: no doubt affected by Elpida's bankruptcy and falling flash prices) will rebound in the near-term. Thus, it thinks the Street's growth forecasts are too high. 1 Comment [Tech, On the Move, Quick Ideas]
Monday, May 14, 2012, 6:31 PM More on Photronics (PLAB): FQ2 beats EPS estimates despite an 11% Y/Y dip in overall revenue for the quarter. Net profit actually rose as debt-extinguishment losses skewed year-ago results. Gross margin also continued to narrow, down to 25.4% from 27.4% in the year ago period. Shares +6.4% AH. Comment! [Earnings, On the Move]
Monday, May 14, 2012, 4:35 PM Photronics (PLAB): FQ2 EPS of $0.14 beats by $0.02. Revenue of $117.5M (-11.7% Y/Y) in-line. Shares +5.8% AH. (PR) Comment! [Earnings, Consumer, On the Move]
Wednesday, February 15, 2012, 5:20 PM Photronics (PLAB): FQ1 EPS of $0.09 in-line. Revenue of $112.2M (+-7.1% Y/Y) in-line. (PR) Comment! [Earnings, Tech]
Thursday, December 8, 2011, 1:34 PM UBS is reiterating a Buy on Photronics (PLAB -2.1%), which rose slightly yesterday after delivering FQ4 results largely in-line with its November warning. The firm thinks Photronics is executing well in the market for photomasks used to make high-end chips, and expects the company to benefit from growing demand for high-end display photomasks (including ones used in AMOLED production). Comment! [Tech, Quick Ideas]
Tuesday, November 8, 2011, 4:36 PM Photronics (PLAB), a maker of photomasks for chip and flat-panel display manufacturing, is warning it expects FQ4 revenue of $120M-$122M and EPS of $0.11-$0.13, below prior guidance of $125M-$130M and $0.14-$0.18. The company blames "increased softness" in the chip and display markets for the shortfall. Comment! [Tech, Earnings, On the Move]
Wednesday, September 28, 2011, 2:14 PM JPMorgan initiates coverage on Phototronics (PLAB) with a Neutral rating and $6.50 price target, offering up a mixed review: "Although we believe the company is better positioned than it has been in years, we don't believe it is immune to weakness in its end markets or aggressive pricing by large competitors." Shares are down 9.2%. Comment! [Tech, On the Move]
Wednesday, August 17, 2011, 8:39 AM Photronics (PLAB), a maker of photomasks for chip manufacturing, is up 6.1% premarket after reporting FQ3 sales of $135.9M (+21% Y/Y) and EPS of $0.23, beating consensus by $4.1M and $0.04. Revenue was boosted by 24% Q/Q increase in sales of high-end integrated circuit photomasks, to $34.9M. (PR) Comment! [Tech, Earnings, On the Move]
Wednesday, February 9, 2011, 9:00 AM Premarket gainers: PLAB +15%. ATML +7%. JOE +7%. TTWO +7%.
Losers: SMSI -35%. SWIR -24%. MOTR -18%. ZLCS -6%. MICC -6%. FNMA -5%. AIB -4%. Comment!
Wednesday, February 9, 2011, 8:58 AM Shares of Photronics (PLAB) are +14.6% after the company raises Q1 EPS guidance to $0.17-0.19 from $0.10-0.14. Revised revenue forecast of $119M-120M from $107M-111M. Comment! [Tech]

PLAB Photronics, Inc.

PLAB

Photronics, Inc.