Photronics Inc. (NASDAQ:PLAB) delivered a profit and beat Wall Street’s expectations, BUT missed the revenue expectation. Adjusted Earnings Per Share decreased to $0.04 in the quarter versus EPS of $0.09 in the year-earlier quarter. Revenue decreased 10.98% to $99.84 million from the year-earlier quarter.
Photronics Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company beat the mean analyst estimate of $0.02. It missed the average revenue estimate of $98.88 million.