- Photronics (NASDAQ:PLAB) down 5.5% after the company reported soft second quarter results with in-line guidance.
- Q2 revenue was up 12% on the year to $159.8M, about $1.5M ahead of analyst estimates. EPS was $0.17, matching consensus.
- Integrated circuit (IC) sales were up 7% on the quarter and 16% Y/Y to $112M. Flat panel display sales increased 1% on the quarter and 4% on the year.
- For Q3, Photronics forecasts revenue of $162-172M versus the $168.1M consensus and diluted EPS of $0.19-0.25 vs. the $0.21 estimate.
- Earnings press release.