Chip gear maker Photronics' forecast misses market expectations

(Reuters) - Chip gear maker Photronics Inc 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. ...



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