Photronics jumps after upbeat forecast, results

Photronics

25/05/2022 11:50

** Shares of chip components maker  PLAB.O  jump 10.1% to
$16.57 in premarket trading
    ** PLAB forecasts Q3 revenue between $205 mln and $215 mln,
above ests of $196.4 mln, according to Refinitiv data
 urn:newsml:reuters.com:*:nGNX2vZ8H3
    ** Q2 revenue, which also topped Wall Street ests, up 28%
y-o-y to $204.5 mln
    ** Growth driven by strong end-market demand and higher
pricing across mainstream and high-end integrated circuit
products
    ** As of last close, stock down ~20% this year

    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))