Recap: Photronics Q3 Earnings - Photronics (NASDAQ:PLAB)

Photronics 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.

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.

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:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.35	0.31	0.25	0.22
EPS Actual	0.49	0.38	0.33	0.22
Revenue Estimate	192.37M	183.10M	175.03M	168.33M
Revenue Actual	204.51M	189.83M	181.29M	170.64M

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).

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.