Photronics Earnings Lower in Third Quarter
Photomask firm Photronics Inc. of Brookfield, Conn., reported earnings of $4.2 million in the third quarter of its fiscal year, which ended Aug. 3.
The result represented a 28 percent decline from earnings of $5.9 million in the third quarter of fiscal 2013.
Sales in the third quarter were $124.9 million, up 13.9 percent from $109.7 million during the same period last year. Sales of semiconductor photomasks were $100.6 million, or 81 percent of revenues, and sales of flat panel display photomasks were $24.3 million, or 19 percent of revenues.
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