Universal Display Lowers FY2024 Sales Guidance from $645.00M-675.00M to $625.00M-645.00M VS Est. 662.9M
Portfolio Pulse from Benzinga Newsdesk
Universal Display has revised its FY2024 sales guidance downwards from $645-675 million to $625-645 million, which is below the estimated $662.9 million.
October 30, 2024 | 9:33 pm
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Universal Display has reduced its FY2024 sales guidance to $625-645 million, which is below the market estimate of $662.9 million. This revision may negatively impact investor sentiment and the stock price in the short term.
The downward revision of sales guidance indicates potential challenges in revenue generation, which could lead to negative investor sentiment and a decrease in stock price. The guidance is also below market expectations, further contributing to potential negative impact.
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IMPORTANCE 80
RELEVANCE 100