Universal Display Q2 2024 GAAP EPS $1.10 Misses $1.14 Estimate, Sales $158.505M Miss $159.461M Estimate
Portfolio Pulse from Benzinga Newsdesk
Universal Display (NASDAQ:OLED) reported Q2 2024 earnings per share of $1.10, missing the analyst estimate of $1.14. Sales were $158.505 million, slightly below the $159.461 million estimate. Despite the misses, sales increased by 8.15% year-over-year.
August 01, 2024 | 8:24 pm
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Universal Display's Q2 2024 earnings and sales both missed analyst estimates, with EPS at $1.10 vs. $1.14 expected and sales at $158.505M vs. $159.461M expected. Despite the misses, sales grew 8.15% year-over-year.
The earnings and sales misses are likely to have a negative short-term impact on the stock price, despite the year-over-year sales growth. Investors often react negatively to missed estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100