Recap: Photronics Q4 Earnings - Photronics (NASDAQ:PLAB)

Photronics 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.

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.

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:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.52	0.44	0.4	0.48
EPS Actual	0.51	0.54	0.4	0.60
Revenue Estimate	230.00M	211.00M	201.00M	210.00M
Revenue Actual	224.21M	229.31M	211.09M	210.27M

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 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.