Oppenheimer Remains Sidelined on Universal Display (OLED) as Guidance Cut Amid Samsung Delays
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Needham & Company Downgrades Universal Display (OLED) to Hold as 2nd-Half Outlook Cut
August 5, 2016 7:25 AM EDTNeedham & Company downgraded Universal Display (NASDAQ: OLED) from Buy to Hold and 2nd-half revenue cut.
Analyst James Ricchiuti commented, "We are reducing our rating on UDC to Hold from Buy after Q2 results came in modestly below expectations and mgmt reduced the 2H rev... 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
