Universal Display Corporation Announces Fourth Quarter and Full Year 2015 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Universal Display's (OLED) Miss and Weak Guide is Transitory - Needham
February 26, 2016 8:20 AM ESTNeedham & 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
Universal Display (OLED) Misses Q4 EPS by 12c, Sales Miss
February 25, 2016 4:13 PM ESTUniversal 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
