07:30 AM EDT, 05/28/2025 (MT Newswires) -- Photronics ( PLAB ) reported fiscal Q2 non-GAAP net income Wednesday of $0.40 per diluted share, down from $0.46 a year earlier.

Two analysts polled by FactSet expected $0.49.

Revenue for the quarter ended May 4 was $211 million, down from $217 million a year earlier.

Two analysts surveyed by FactSet expected $212.1 million.

The company said it expects fiscal Q3 non-GAAP EPS of $0.35 to $0.41 on revenue of $200 million to $208 million. Two analysts surveyed by FactSet expect $0.50 and $219.8 million, respectively.

Photronics ( PLAB ) said it has appointed Chairman George Macricostas as chief executive, effective immediately, replacing Frank Lee, who has stepped down from the role and intends to retire in "the next year or two."

The company's shares were down 5.2% in recent premarket activity.