Universal Display Q1 2024 GAAP EPS $1.19 Beats $1.02 Estimate, Sales $165.259M Beat $150.748M Estimate
Portfolio Pulse from Benzinga Newsdesk
Universal Display (NASDAQ:OLED) reported Q1 2024 earnings of $1.19 per share, surpassing the $1.02 estimate, a 43.37% increase from last year. Sales reached $165.259M, beating the $150.748M estimate, marking a 26.67% increase from the previous year.
May 02, 2024 | 8:43 pm
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Universal Display reported a significant beat on both EPS and sales estimates for Q1 2024, indicating strong financial health and growth.
Beating both EPS and sales estimates by a notable margin suggests operational efficiency and market demand for Universal Display's products. This performance, especially the significant year-over-year growth, is likely to instill investor confidence and could lead to a positive short-term price movement for OLED stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100