PLAB - Photronics Down 10% After Q2 CEO Cautions Slower Recovery In Order Rate Taiwan Earthquakes | Benzinga
Photronics, Inc. (NASDAQ:PLAB) shares are trading lower on Wednesday.
The company reported second-quarter adjusted earnings per share of 46 cents, missing the Wall Street view of 55 cents.
Photronics reported quarterly revenues of $217.0 million, down 5% year-over-year. Sales missed the analyst consensus of $231 million.
“Order rates, which typically pause during Lunar New Year, have recovered at a slower ...