Photronics (PLAB) Stock Jumps on Q4 Beat, Positive Outlook Fuels 9.79% Premarket Surge

Photronics, Inc. (PLAB) saw its stock price jump over 9% in premarket trading following a better-than-expected fourth-quarter earnings report. The company exceeded adjusted EPS estimates and revenue projections, driven by strong high-end IC sales and mainstream FPD demand. Despite year-over-year revenue dips, the positive outlook for 2025, fueled by megatrends like AI and supply chain changes, boosted investor confidence.

Hello Group (MOMO) Beats Q3 Earnings Expectations Despite Revenue Dip; Stock Soars

Hello Group Inc. (MOMO), the Chinese social and entertainment giant, reported a smaller-than-expected revenue decline in its fiscal Q3 2024, exceeding analyst estimates for both revenue and earnings per share. Despite a year-over-year decrease in active users and paying subscribers, the company’s stock price surged following the positive earnings report. The company’s outlook remains cautious, but its focus on international expansion offers a potential growth driver.

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