Universal Display Q2 EPS $1.04 Beats $0.75 Estimate, Sales $146.56M Beat $128.60M Estimate
Portfolio Pulse from saritha@benzinga.com
Universal Display (NASDAQ:OLED) reported Q2 earnings of $1.04 per share, beating the analyst consensus estimate of $0.75 by 38.67%. This is a 19.54% increase over earnings of $0.87 per share from the same period last year. The company also reported quarterly sales of $146.56 million, beating the analyst consensus estimate of $128.60 million by 13.97%. This is a 7.33% increase over sales of $136.56 million the same period last year.
August 04, 2023 | 2:26 pm
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POSITIVE IMPACT
Universal Display's Q2 earnings and sales beat analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Universal Display reported better than expected Q2 earnings and sales, beating analyst estimates. This indicates a strong financial performance, which is often a positive signal to investors and can lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100