Photronics (NASDAQ:PLAB) reported its Q3 earnings results on Tuesday, August 30, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Photronics beat estimated earnings by 2.0%, reporting an EPS of $0.51 versus an estimate of $0.5.

Revenue was up $49.30 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.14 which was followed by a 12.32% increase in the share price the next day.

Here's a look at Photronics's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Photronics management provided guidance for Q4 2022, expecting earnings between $0.44 and $0.52 per share.

To track all earnings releases for Photronics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.