Photronics Stock Shock: Earnings Miss Sends Chip-Supply Bet Into a Hard Reset
Photronics shares rose 2.23% to $34.78 in premarket trading Friday after plunging 36.4% Thursday on weak quarterly results and a disappointing outlook. The company missed analyst estimates for both adjusted earnings and revenue, and forecast third-quarter sales below Wall Street expectations. Management cited delayed chip-design releases, memory supply constraints, and geopolitical uncertainty.