Photronics Q3 Results: Recovery Delayed, I'm Not Adding Now (Rating Downgrade) [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
9min Summary Photronics, Inc. Q3 results were disappointing, with revenue down 6% y/y and a miss on both GAAP and non-GAAP EPS, leading to cautious future guidance. Despite short-term struggles, the company's strong balance sheet, with $606.4m in cash and minimal debt, provides stability amid economic uncertainties. The long-term outlook remains positive, driven by AI and OLED technology adoption, though a turnaround may be delayed due to market softness and potential recession risks. I am downgrading my PLAB rating to hold, awaiting market clarity and potential price dips below $20 per share before considering further investment. Pavel Muravev Introduction Photronics, Inc. NASDAQ: PLAB recently reported fiscal Q3 earnings , so I wanted to give some thoughts on the results and go briefly through my reaction to them and what the future looks like for the This article was written by Gytis Zizys 2.62K Follower s Follow MSc in Finance. Long-term horizon investor
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PLAB
News
- Photronics (NASDAQ:PLAB) stock performs better than its underlying earnings growth over last five years [Yahoo! Finance]Yahoo! Finance
- Photronics, Inc. (NASDAQ: PLAB) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Photronics, Inc. (NASDAQ: PLAB) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Photronics, Inc. (NASDAQ: PLAB) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Photronics Inc. (PLAB) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
PLAB
Earnings
- 8/29/24 - Miss
PLAB
Sec Filings
- 9/5/24 - Form 10-Q
- 8/30/24 - Form 8-K
- 7/23/24 - Form 3/A
- PLAB's page on the SEC website