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BROOKFIELD, Conn. (AP) - Photronics Inc. (PLAB) on Wednesday reported fiscal first-quarter earnings of $10.3 million.

The Brookfield, Connecticut-based company said it had net income of 16 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share.

The electronics imaging company posted revenue of $159.7 million in the period.

For the current quarter ending in May, Photronics said it expects revenue in the range of $145 million to $155 million.

Photronics shares have decreased 20% since the beginning of the year. The stock has climbed 27% in the last 12 months.

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Dave Rinelli
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