Universal Display Q3 2024 GAAP EPS $1.40 Beats $1.20 Estimate, Sales $161.627M Miss $165.058M Estimate
Portfolio Pulse from Benzinga Newsdesk
Universal Display (NASDAQ:OLED) reported Q3 2024 earnings per share of $1.40, surpassing the $1.20 estimate, marking a 29.63% increase from last year. However, sales of $161.627M fell short of the $165.058M estimate, despite a 14.57% year-over-year increase.
October 30, 2024 | 8:07 pm
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Universal Display's Q3 2024 earnings per share exceeded expectations, but sales fell short. The EPS of $1.40 beat the $1.20 estimate, while sales of $161.627M missed the $165.058M estimate.
The positive earnings surprise with a 16.67% beat on EPS is offset by the sales miss, which could lead to mixed investor sentiment. The stock price may not see significant movement as the positive EPS is counterbalanced by the sales shortfall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100