Why Photronics Stock Crashed Today
Shares of semiconductor manufacturing equipment maker Photronics (NASDAQ: PLAB) collapsed after the company reported fourth-quarter 2020 earnings this morning, and remain down 16.5% as of 1:35 p.m. EST.
Analysts had forecast that Photronics, which produces quartz and glass "photomasks" used as guides to manufacture semiconductors and flat panel displays, would earn $0.15 per share in Q4 on sales of as much as $153.9 million. Instead, Photronics reported just $0.10 per share in profit, and sales of only $149.3 million.
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Source Fool.com
