Photronics Inc. (PLAB) reported earnings for second quarter that decreased from the same period last year
The company's bottom line totaled $8.861 million, or $0.15 per share. This compares with $36.251 million, or $0.58 per share, last year.
Excluding items, Photronics Inc. reported adjusted earnings of $24.259 million or $0.40 per share for the period.
The company's revenue for the period fell 2.8% to $211 million from $217 million last year.
Photronics Inc. earnings at a glance (GAAP) :
-Earnings: $8.861 Mln. vs. $36.251 Mln. last year.-EPS: $0.15 vs. $0.58 last year.-Revenue: $211 Mln vs. $217 Mln last year.
-Guidance:Next quarter EPS guidance: $0.35 to $0.41Next quarter revenue guidance: $200 Mln to $208 Mln
Commenting on the quarterly result, Dr. Frank Lee, CEO of Photronics, said: “Our business in Asia continued to perform at a strong level and I am extremely proud of what we continue to accomplish. Node migration remains a positive driver of our IC business at both the high end and the higher end of mainstream.”
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