Why Photronics Stock Just Popped 19.5%

Photronics (NASDAQ: PLAB) stock shot out of the gate at light speed this morning.

Before the open, Photronics reported its fiscal fourth-quarter 2019 financials. Earnings only met analyst estimates for $0.15 per share, but sales eclipsed predictions at $156.3 million -- nearly $9 million more than analysts had expected. Investors are reacting with applause, and Photronics stock is up 19.5% as of 10:25 a.m. EST.

Image source: Getty Images.

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Source Fool.com