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Aug 02, 2020
Photronics Q3 2020 Earnings Report
Photronics achieved revenue growth driven by improved customer demand and strategic market positioning.
Key Takeaways
Photronics reported a strong third quarter with revenue of $157.9 million, up 14% year-over-year. Net income was $10.8 million, or $0.17 per diluted share. The company's cash balance grew to $260.6 million.
Revenue increased by 14% year-over-year to $157.9 million.
Net income attributable to Photronics, Inc. shareholders was $10.8 million, or $0.17 per diluted share.
IC revenue was $108.7 million, up 8% compared to the third quarter of last year.
FPD revenue was $49.2 million, up 30% compared to the same period last year.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2020, Photronics expects revenue to be between $148 million and $158 million, and net income attributable to Photronics, Inc. shareholders to be between $0.12 and $0.19 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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