Photronics Shares Rally As Results Beat Street Estimates

By Wallace WitkowskiMarketWatch Pulse

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.

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