Photronics Q4 Results Miss Estimates

(RTTNews) - Photronics, Inc. (PLAB) reported net income for the fourth quarter of $4.3 million or $0.07 per share, compared to $4.8 million or $0.08 per share for the year-ago quarter.

Excluding joint venture transaction expenses of $0.8 million, adjusted net income for the year-ago quarter was $5.6 million or $0.09 per share.

Sales for the fourth quarter rose to $124.25 million from $106.01 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.09 per share on revenue of $128.20 million for the fourth quarter. Analysts' estimates typically exclude special items.