In its financial report for the fourth quarter released on Wednesday, Photronics, Inc. (PLAB), a company specializing in semiconductor photomasks, disclosed its earnings and revenue projections for the initial quarter of fiscal year 2025.
For this upcoming quarter, Photronics anticipates earnings to range from $0.43 to $0.49 per share, with revenue expected to fall between $208 million and $216 million.
Market analysts, surveyed by Thomson Reuters, have forecasted that the company will achieve earnings of approximately $0.46 per share, accompanied by revenues of $210.0 million for the quarter. It is important to note that these analyst estimates generally exclude any special items.
In the fourth quarter, Photronics reported a net income attributable to its shareholders amounting to $33.87 million, or $0.54 per share, a decrease from the $44.61 million, or $0.72 per share, achieved in the same period the previous year.
Contrary to expectations, revenue for the quarter increased slightly to $222.63 million, compared to $227.47 million in the corresponding quarter last year.
Wall Street had anticipated earnings of $0.52 per share on sales amounting to $218.0 million for the quarter.
