Photronics shares rally as results beat Street estimates
Photronics Inc. shares surged in the extended session Wednesday after the maker of components used in flat panel displays topped Wall Street estimates for the quarter. Photronics shares rose 5.8% to $11.80. The company reported fiscal fourth-quarter earnings of 25 cents a share on revenue of $141.7 million. Analysts surveyed by FactSet had forecast 18 cents a share on revenue of $133.9 million.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.