Needham & Company Downgrades Universal Display (OLED) to Hold as 2nd-Half Outlook Cut
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Oppenheimer Remains Sidelined on Universal Display (OLED) as Guidance Cut Amid Samsung Delays
August 5, 2016 7:59 AM EDTOppenheimer analyst Andrew Uerkwitz reiterated a Perform rating on Universal Display (NASDAQ: OLED) as revenues guidance was cut due to delays as Samsung.
Uerkwitz commented, "OLED reported 2Q16 revenues/non-GAAP EPS of $64.4M/$0.46 vs. our $69.5M/$0.51E and consensus of $69.5M/$0.51E. The... More
Universal Display (OLED) Misses Q2 EPS by 4c; Lowers Outlook
August 4, 2016 4:45 PM EDTUniversal Display (NASDAQ: OLED) reported Q2 EPS of $0.46, $0.04 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $64.4 million versus the consensus estimate of $68.68 million.
Our second quarter 2016 revenues and net income increased year-over-year, and we maintained our strong margin profile. We are confident that the underlying growth fundamentals of our... More
