Universal Display Q4 2023 GAAP EPS $1.29 Beats $1.14 Estimate, Sales $158.32M Miss $161.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Universal Display (NASDAQ:OLED) reported Q4 2023 earnings of $1.29 per share, surpassing the $1.14 estimate, but sales of $158.32M fell short of the $161.22M forecast. This represents a 5.15% decrease in earnings and a 6.34% decrease in sales from the same period last year.
February 22, 2024 | 9:17 pm
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Universal Display reported higher-than-expected Q4 earnings but missed sales estimates, with both earnings and sales declining from the previous year.
While the earnings beat might provide a short-term positive sentiment, the miss on sales estimates and the year-over-year decline in both earnings and sales could temper investor enthusiasm. The mixed results make the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100