Chip gear maker Photronics' forecast misses market expectations

Reuters News
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Posted: Nov 13, 2013 8:48 AM

(Reuters) - Chip gear maker Photronics Inc <PLAB.O> forecast fourth quarter results that fell short of analysts' expectations mainly due to delayed orders from an Asian foundry customer.

The company, which makes high-precision quartz photomasks for integrated circuits, forecast earnings of 6 cents to 7 cents per share, on revenue of about $105-$106 million.

Analysts on average were expecting earnings of 12 cents on revenue of $112.6 million in the quarter ended November 3, according to Thomson Reuters I/B/E/S.

The company will release fourth-quarter results on December 11.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Savio D'Souza)