Photronics: Fiscal Q3 Earnings Snapshot

BROOKFIELD, Conn. (AP) — BROOKFIELD, Conn. (AP) — Photronics Inc. (PLAB) on Wednesday reported fiscal third-quarter profit of $28.9 million.

On a per-share basis, the Brookfield, Connecticut-based company said it had net income of 49 cents. Earnings, adjusted for non-recurring costs, were 50 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The electronics imaging company posted revenue of $216 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $208.7 million.

For the current quarter ending in October, Photronics expects its per-share earnings to range from 40 cents to 56 cents.

The company said it expects revenue in the range of $207 million to $227 million for the fiscal fourth quarter.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLAB at https://www.zacks.com/ap/PLAB