Photronics Inc. (NASDAQ: PLAB) reported third-quarter earnings of $0.50 per share, beating analyst estimates by $0.10, according to data compiled by InvestingPro.
The semiconductor photomask manufacturer also posted revenue of $216.05 million for the quarter, topping the $208.75 million consensus forecast. The results reflect a year-over-year improvement in demand for photomask solutions used in semiconductor manufacturing.
Shares of Photronics closed at $29.32 on Wednesday, leaving the stock down 9.37% over the past three months despite the earnings beat. Over the last 12 months, the shares have gained 29.62%.
InvestingPro’s financial health assessment rated the company’s performance as "good," though the firm noted no positive EPS revisions in the past 90 days.
