Universal Display Sees FY24 Revenue $625M-$675M vs $666.21M Est.
Portfolio Pulse from Benzinga Newsdesk
Universal Display projects its FY24 revenue to be between $625M-$675M, which is around the current estimate of $666.21M. The company highlights the OLED industry's volatility and the numerous variables that could affect this forecast.

February 22, 2024 | 9:58 pm
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Universal Display anticipates FY24 revenue to range from $625M to $675M, aligning closely with the analyst estimate of $666.21M. The company warns of the OLED industry's unpredictability affecting these projections.
The forecasted revenue range provided by Universal Display is close to the current analyst estimate, suggesting a neutral short-term impact on the stock price. However, the company's caution about the unpredictable nature of the OLED industry could introduce some volatility. The high relevance is due to the direct mention of the company's financial forecast, and the importance is significant as revenue projections are crucial for investors. The confidence level reflects the clear guidance provided by the company, tempered by the acknowledged industry volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100