Photronics, Inc (NASDAQ:PLAB) stock is trading lower Wednesday after the company reported its fourth-quarter results.
The company clocked revenue growth of 2% year-on-year (Y/Y) to $216.3 million, missing the consensus of $220.0 million. The American semiconductor photomask manufacturer's adjusted EPS of $0.48 missed the consensus of $0.49.
IC revenue was $157.6 million, up 1% Y/Y and down by 1% sequentially. FPD revenue was $58.7 million, up 8% from the same quarter last year and down by 7% sequentially.
Gross profit improved to $79.3 million from $76.1 million a year ago. The margin improved from 36% to 36.5% Y/Y.
The company exited the quarter with $508.5 million in cash balance, $13.0 million in short-term investments, and $23.4 million in debt.
Photronics generated first quarter operating cash flow of $41.5 million.
"Order rates improved through the quarter, continuing into second quarter," said Frank Lee, CEO. "High-end IC revenue increased both sequentially and year-over-year, primarily in 22nm and 28nm nodes, as customers continue migration to these nodes for improved performance and optimal cost."
Outlook: Photronics expects second-quarter revenue of $226 million – $236 million (consensus: $230 million) and adjusted EPS of $0.50 – $0.58 (consensus: $0.56).
The stock has gained over 90% last year.
Price Action: PLAB shares traded lower by 16.80% at $25.96 on the last check Wednesday.
Photo via Shutterstock
Photronics, Inc（納斯達克股票代碼：PLAB）週三股價走低，此前該公司公佈了第四季度業績。
該公司的收入同比（同比）增長2％，達到2.163億美元，未達到2.2億美元的市場共識。這家美國半導體光掩模製造商調整後的每股收益爲0.48美元，未達到0.49美元的共識。
集成電路收入爲1.576億美元，同比增長1％，環比下降1％。FPD收入爲5,870萬美元，比去年同期增長8％，環比下降7％。
毛利從去年同期的7,610萬美元增至7,930萬美元。利潤率同比從36％提高到36.5％。
該公司以5.085億美元的現金餘額、1,300萬美元的短期投資和2340萬美元的債務在本季度退出。
Photronics第一季度創造了4,150萬美元的運營現金流。
首席執行官弗蘭克·李說：“整個季度的訂單率都有所改善，一直持續到第二季度。”“隨着客戶繼續向這些節點遷移以提高性能和優化成本，高端集成電路收入環比和同比增長，主要是22納米和28納米節點。”
展望：Photronics預計第二季度收入爲2.26億美元至2.36億美元（共識：2.30億美元），調整後的每股收益爲0.50美元至0.58美元（共識：0.56美元）。
該股去年上漲了90％以上。
價格走勢：在週三的最後一次支票中，PLAB股價下跌16.80％，至25.96美元。
照片來自 Shutterstock
