Photronics Q2 Results: Long-Term Still Intact, Another Opportunity To Accumulate [Seeking Alpha]
Photronics, Inc. (PLAB)
Last photronics, inc. earnings: 3/4 06:00 am
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US:NASDAQ Investor Relations:
investor.shareholder.com/photronics/index.cfm
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Source: Seeking Alpha
The company's Q3 guidance was also softer than expected, leading to a further decline in share price. Despite the negative reaction, I believe the drop was an overreaction and maintained a buy rating, expecting long-term growth and potential opportunities to accumulate shares at lower prices. Introduction Photronics, Inc. NASDAQ: PLAB recently reported fiscal Q2 earnings that missed analysts' consensus on top and bottom lines, as well as softer Q3 guidance. This news sent the share price down 17% at the open. However, as investors digested the information, the company's share price recovered 10%. I wanted to look into the report and give some comments on the outlook, however, my long-term view remains intact. I believe that it was a huge overreaction to something that was supposed to be priced in already, and therefore, I am sticking with a Buy rating and will be adding more shares in the upcoming days. Q2 Results Revenue came in at $217m, 5% down y/y, and slightly up seq
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News
- What Makes Photronics, Inc. (PLAB) a Good Small Publicly Traded Semiconductor Stock to Buy? [Yahoo! Finance]Yahoo! Finance
- Photronics Announces Chief Financial Officer AppointmentGlobeNewswire
- Photronics (PLAB) Q2 Earnings Miss Estimates, Revenues Fall Y/Y [Yahoo! Finance]Yahoo! Finance
- Photronics Reports Second Quarter Fiscal 2024 Results [Yahoo! Finance]Yahoo! Finance
- Photronics Reports Second Quarter Fiscal 2024 ResultsGlobeNewswire
PLAB
Earnings
- 5/22/24 - Beat
PLAB
Sec Filings
- 6/28/24 - Form 3
- 6/12/24 - Form 8-K
- 6/10/24 - Form 3
- PLAB's page on the SEC website