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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Photronics, Inc. - PLAB
PhotronicsPhotronics(US:PLAB) GlobeNewswire News Room·2025-06-06 15:25

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Photronics, Inc. and its officers or directors [1] Financial Performance - On May 28, 2025, Photronics reported second-quarter revenue of $210.99 million, a 2.8% year-over-year decline, missing consensus estimates by $1.01 million [3] - The company reported non-GAAP earnings per share of $0.40, which was $0.08 below consensus estimates [3] - Photronics provided third-quarter revenue guidance of $200 million to $208 million, compared to consensus estimates of $220 million [3] Management Changes - Dr. Frank Lee resigned from his position as Chief Executive Officer of Photronics, effective immediately [3] Market Reaction - Following the financial results announcement, Photronics' stock price fell by $3.12 per share, or 15.55%, closing at $16.94 per share on May 28, 2025 [4]