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Aerospace

Photronics likely to deliver year-over-year 3Q revenue growth Wednesday morning

Photronics Inc (NASDAQ:PLAB) is slated to report earnings before the market opens on Wednesday, and investors will be watching to see if the company can deliver an earnings beat for the second-straight quarter.

The semiconductor company is expected to report fiscal third-quarter earnings of $0.52 per share on revenue of $230 million. That compared to earnings of $0.51 per share on revenue of $219.9 million in the same quarter of 2022.

Shares of Photronics fell almost 3% Tuesday to $23.50.

Photronics, based in Connecticut, manufactures integrated circuit and flat panel display photomasks, materials that are used in the production of semiconductors.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel