Universal Display (OLED): Uneventful Quarter - Oppenheimer
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Oppenheimer analyst, Andrew Uerkwitz, reiterated his Perform rating on shares of Universal Display (NASDAQ: OLED) after the company reported 3Q16 revenues/non-GAAP EPS of $30.2M/-$0.03 vs. consensus of $32.9M/-$0.04E. Universal Display is in a holding pattern awaiting capacity ramps from current customers and commercial production by new customers.
The analyst stated "we see Universal Display as one of the best pure plays to invest in the upcoming OLED display adoption, but we stay on the sidelines for now, given the uncertainty around Samsung design changes and ultimately, adoption of OLED display of the next iPhone".
Shares of Universal Display closed at $51.95 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst PT Change, Earnings
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