Recap: Universal Display Q4 Earnings
Portfolio Pulse from Benzinga Insights
Universal Display (NASDAQ:OLED) reported Q4 earnings, beating estimated EPS by 13.16% with $1.29 versus an estimate of $1.14, but saw a revenue decrease of $10.71 million from the same period last year. The company has a history of beating EPS estimates, which previously led to a share price increase.
February 22, 2024 | 9:20 pm
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Universal Display reported a Q4 EPS of $1.29, beating estimates by 13.16%, but experienced a revenue decline from the previous year. The company's history of beating EPS estimates has positively influenced its share price in the past.
Universal Display's beat on EPS estimates is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price, similar to past performance following earnings beats. However, the decline in revenue could temper some of the positive sentiment, making the overall impact likely positive but with caution.
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