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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Photronics, Inc. - PLAB

1. Pomerantz LLP investigates potential securities fraud involving PLAB officers. 2. Photronics reported Q2 revenue decline of 2.8%, missing estimates. 3. Non-GAAP EPS of $0.40 also fell short of expectations. 4. Q3 revenue guidance is lower than consensus estimates. 5. CEO Dr. Frank Lee resigned immediately, causing stock price drop.

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FAQ

Why Very Bearish?

The combination of declining revenues, missed forecasts, and executive resignation typically lowers investor confidence, often leading to significant price drops, as seen in similar situations where company leadership changes amid poor performance (e.g., underperformance in prior quarters).

How important is it?

The article highlights serious concerns that could drive down PLAB's stock due to fraud allegations and poor financial performance, warranting attention from investors.

Why Short Term?

Immediate factors like earnings misses and leadership change are likely to impact investor sentiment and stock prices directly in the short term, but longer-term recovery may depend on future performance and leadership restructuring.

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NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Photronics, Inc. (“Photronics” or the “Company”) (NASDAQ: PLAB).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Photronics and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On May 28, 2025, Photronics issued a press release 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.  On this news, Photronics’ stock price fell $3.12 per share, or 15.55%, to close at $16.94 per share on May 28, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

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