* Sees Q1 rev $91 mln-$96 mln vs est of $98.2 mln

* Sees Q1 loss/shr of $0.08-$0.03

* Says reduced headcount by 10 percent

* Shares down as much as 19 pct

BANGALORE- Semiconductor gear maker Photronics Inc forecast first-quarter revenue below Wall Street expectations, sending shares down as much as 19 percent.

The company expects a loss of 3 cents to 8 cents a share on revenue of $91 million to $96 million.

Analysts expect the company to breakeven on a per-share basis on revenue of $98.2 million, according to Thomson Reuters I/B/E/S.

The company, whose customers include South Korea's Samsung Electronics Co Ltd, Skyworks Solutions Inc and Micron Technology Inc, said by the end of fourth quarter it had reduced the headcount by 10 percent to 1300 employees.

On Tuesday, the company posted a quarterly loss on a per-share basis, hurt by a conversion of warrants into shares and certain charges. [ID:nBNG446136]

Shares of the Brookfield, Connecticut-based company were down 11 percent at $4.39 Wednesday morning on Nasdaq. They touched a low of $4 earlier in the day. (Reporting by Shrutika Verma in Bangalore; Editing by Anil D'Silva)

South Korea