Stock Track | Photronics Plunges 5.63% in Pre-Market Ahead of Quarterly Earnings Report

Stock Track

May 28

Photronics Inc. (PLAB) experienced a significant pre-market plunge of 5.63% on Thursday, as trading activity reacted ahead of the company's scheduled financial update.

The sharp move coincides with the company's second-quarter earnings report, which was slated for release in the pre-market session. According to earnings calendars, Photronics was among the companies tentatively scheduled to report results.

A pre-market earnings preview indicated analysts were forecasting adjusted earnings per share of 53 cents for the quarter, a substantial increase from the 15 cents reported in the prior-year period. The pre-market price movement suggests investor sentiment was adjusting in anticipation of the official results.

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