Why Photronics Stock Was Down Today
Shares of (NASDAQ: PLAB) were down 10% as of 11:07 a.m. ET on Wednesday after the company reported earnings results for the third quarter, ending July 30.
Revenue was only slightly down from the record levels in the previous quarter, but Wall Street analysts were expecting more. As a result, revenue of $224.2 million missed estimates calling for $230 million, which led to the tumble in the share price today. The stock has now fallen 18% over the last month.
Revenue increased 2% year over year, which is consistent with the single-digit average annual growth this company has reported over the last 10 years.
Source Fool.com
Photronics Inc. Aktie
26,26 €
2,26 %
Positive Stimmung für Photronics Inc. mit mehreren Buy-Einschätzungen, keine Sell-Einschätzungen.
Ein Kursziel von 39 € für Photronics Inc. würde eine Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 26.26 € bedeuten.
