Universal Display Corporation Announces Third Quarter 2021 Financial Results
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November 5, 2021 7:10 AM EDT
Needham & Company analyst James Ricchiuti lowered the price target on Universal Display (NASDAQ: OLED) to $245.00 (from $275.00) while maintaining a Buy rating.
The analyst commented, "UDC posted modestly lower-than-expected Q3 results after the close yesterday. Revenues increased 23% y/o/y versus Street expectations of... More
November 4, 2021 4:33 PM EDT
Universal Display (NASDAQ: OLED) reported Q3 EPS of $0.97, $0.12 worse than the analyst estimate of $1.09. Revenue for the quarter came in at $143.6 million versus the consensus estimate of $145.83 million.
We are pleased to report solid third quarter results, including record revenue of $143.6 million, said Sidney D. Rosenblatt, Executive Vice President and Chief Financial Officer of Universal Display. As we look at the second half of the year, we see that the pandemic and component shortages are causing significant disruptions... More
