Universal Display (OLED) Misses Q2 EPS by 4c; revises guidance

Universal Display (NASDAQ: OLED) reported Q2 EPS of $1.10, $0.04 worse than the analyst estimate of $1.14. Revenue for the quarter came in at $158.5 million versus the consensus estimate of $159.46 million.

GUIDANCE

2024 Revised Guidance

The Company has increased the lower end of its previous revenue guidance and believes that 2024 revenue will be in the range of $645 million to $675 million. The OLED industry remains at a stage where many variables can have a material impact on results, and the Company thus caveats its financial guidance accordingly.

For earnings history and earnings-related data on Universal Display (OLED) click here.

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