Categories Earnings, Technology

Earnings preview: Integrated circuits demand to drive Photronics Q4 results

Photronics (PLAB) is set to release its earnings for the fourth quarter on Wednesday before the bell. The electronics imaging company is likely to benefit from strong demand of high-end integrated circuits and a rise in sales of AMOLED and LTPS LCD photomasks.

Analysts, on average, expect Photronics to report earnings of $0.17 per share on revenue of $137.2 million for the fourth quarter. In comparison, during the previous year quarter, the company reported a profit of $0.08 per share on revenue of $120.97 million. Majority of the analysts recommended a “hold” rating on the stock with an average price target of $12.50.

The company’s results are expected to be benefited by the demand that is likely to be strong across all of its end markets. The growing markets in China and demand from captives had already enabled the company to reposition its business and Photronics is likely to be benefited by this in the fourth quarter.

It is predicted that high-end integrated circuits will once again be the primary contributor to growth in the fourth quarter. The photomasks maker is likely to experience an increase in sales of AMOLED and low-temperature polycrystalline silicon liquid crystal display photomasks due to the increase in mobile applications.

Intel Q3 profit jumps 42%, beats estimates

For the third quarter, the company posted a 225% jump in earnings helped by higher revenue and an increase in the demand across all of its end markets. The results included a one-time tax benefit. Revenue improved 22% on a jump in integrated circuit revenue and a rise in flat panel display.

For the fourth quarter, the company had anticipated revenue in the range of $133 million to $141 million and earnings in the range of $0.14 to $0.19 per share. Photronics has increased its momentum heading into the end of fiscal 2018 and is now in an even stronger position to ramp China facilities in 2019.

Shares of Photronics opened lower on Monday but changed course to the green territory. The stock has risen over 7% in the year so far while it has fallen over 8% in the past three months.


We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

CL Earnings: Key quarterly highlights from Colgate-Palmolive Company’s Q4 2022 financial results

Colgate-Palmolive Company (NYSE: CL) reported fourth quarter 2022 earnings results today. Net sales increased 5% year-over-year to $4.62 billion. Organic sales growth was 8.5%. Net income attributable to Colgate-Palmolive Company was

Key highlights from Chevron Corporation’s (CVX) Q4 2022 earnings results

Chevron Corporation (NYSE: CVX) reported fourth quarter 2022 earnings results today. Total revenues and other income were $56.4 billion compared to $48.1 billion in the year-ago period. Net income attributable

AXP Earnings: All you need to know about American Express’ Q4 2022 earnings results

American Express Company (NYSE: AXP) reported fourth quarter 2022 earnings results. Consolidated total revenues net of interest expense were $14.2 billion, up 17% from a year ago. Net income was

Add Comment
Viewing Highlight