Universal Display Corporation Announces Fourth Quarter and Full Year 2015 Financial Results
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February 26, 2016 8:20 AM EST
Needham & Company analyst, James Ricchiuti, thinks Universal Display Corp (NASDAQ: OLED) is uniquely positioned to capitalize on the proliferation of OLED displays in mobile devices and emerging OLED-TV market despite the miss and guide down. He believes this speedbump is due to temporary weakness in the smartphone market but longer term fundamentals are intact. No change to Buy rating but the PT drops to $57 from $62.
Revenue increased 11% y/o/y while EPS came in 25% below expectations. Management guided to 2016 revenue growth of 15% (plus or minus 5%), below consensus expectations of 24% growth, which... More
February 25, 2016 4:13 PM EST
Universal Display (NASDAQ: OLED) reported Q4 EPS of $0.39, $0.12 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $62.3 million versus the consensus estimate of $71.54 million.
Our fourth quarter results were less-than-anticipated, which we believe was primarily due to year-end inventory management by our customers and product mix weighing more to our lower priced emitters, said Sidney D. Rosenblatt, Executive Vice President and Chief Financial Officer of Universal... More
