Universal Display (OLED) Misses Q4 EPS by 12c, Sales Miss
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- 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
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Needham Starts NeoVolta (NEOV) at Buy
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
