Photronics beats Q3 estimates and guides EPS above consensus

Photronics reported Q3 revenue of $216M versus $209M expected, up 2.7% year over year.
Adjusted EPS came in at $0.50, beating the $0.40 consensus estimate.
For Q4, $PLAB expects revenue of $207M-$227M and non-GAAP EPS of $0.40-$0.56, compared with Wall Street's $0.42 EPS estimate.
The company also expects an operating margin between 19% and 24%.
The quarter delivered a clean revenue and earnings beat, while forward guidance remains broadly constructive.