Photronics Guides Q2 Below Estimates - Update

(RTTNews) - While reporting financial results for the first quarter on Wednesday, Photronics, Inc. (PLAB) provided its adjusted earnings and revenue guidance for the second quarter.

For the second quarter, the company expects adjusted earnings in a range of $0.44 to $0.50 per share on revenues between $208 million and $216 million.

On average, analysts polled expect the company to report earnings of $0.52 per share on revenue of $225 million for the quarter. Analysts' estimates typically exclude special items.

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