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Photronics Down 10% After Q2, CEO Cautions Slower Recovery In Order Rate, Taiwan Earthquakes
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 ...