Universal Display Increases Lower End Of FY24 Revenue Guidance Range To $645M-$675M vs $664.54M Est.
Portfolio Pulse from Benzinga Newsdesk
Universal Display has increased the lower end of its FY24 revenue guidance range to $645M-$675M, compared to the previous estimate of $664.54M.
August 01, 2024 | 9:35 pm
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Universal Display has raised the lower end of its FY24 revenue guidance range to $645M-$675M, which is higher than the previous estimate of $664.54M. This positive adjustment indicates strong business performance and could boost investor confidence.
The increase in the lower end of the revenue guidance range suggests that Universal Display is performing better than expected. This positive news is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100