Universal Display (OLED) Misses Q4 EPS by 12c, Sales Miss
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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
