Levi & Korsinsky notifies investors that it has commenced an investigation into Photronics, Inc. (NASDAQ: PLAB) concerning potential violations of the federal securities laws.
Photronics issued a press release on May 28, 2025, reporting its financial results for the second quarter of 2025. Among other items, Photronics reported revenue of $210.99 million, representing a 2.8% year-over-year decline and missing consensus estimates by $1.01 million, and non-GAAP earnings per share of $0.40, missing consensus estimates by $0.08. Photronics also issued third quarter revenue guidance in the range of $200 million to $208 million, compared to consensus estimates of $220 million. In the same press release, Photronics announced the resignation of Dr. Frank Lee from his role as the Company's Chief Executive Office, effective immediately. Following this news, Photronics' stock price fell over 15% on the same day.
If you suffered a loss on your Photronics, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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