Photronics (NASDAQ:PLAB) reported its Q4 earnings results on Wednesday, December 13, 2023 at 06:30 AM.

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

Earnings

Photronics beat estimated earnings by 13.21%, reporting an EPS of $0.6 versus an estimate of $0.53.

Revenue was up $17.21 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 5.93% drop 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 Q1 2024, expecting earnings between $0.45 and $0.53 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.