Photronics jumps after Q3 results beat estimates
PLAB•Shares rise on beat and improved outlook
** Photomasks manufacturer Photronics shares rise 16.6% to $34.14 premarket after Q3 results beat
- Stock set to rise after six consecutive sessions of declines
- Co says "recovery" of semiconductor design releases that were delayed in Q2 supported Q3 results
- PLAB forecast Q4 adjusted EPS between $0.40 and $0.56 on revenue of $207 mln to $227 mln
- Up to Tuesday's close, PLAB stock was down 8.4% YTD, compared with a 12% rise in the Nasdaq .IXIC index
