Universal Display Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.11-01

Universal Display (NASDAQ:OLED) Third Quarter 2024 Results Key Financial Results Revenue: US$161.6m (up 15% from 3Q 2023). Net income: US$66.7m (up 30% from 3Q 2023). Profit margin: 41% (up from 36% ...

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The increase in margin was driven by higher revenue.NasdaqGS:OLED Earnings and Revenue Growth November 1st 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 2.1%. Earnings per share  exceeded analyst estimates by 17%.Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.The company's shares are down 11% from a week ago.Every company has them, and we've spotted   1 warning sign for Universal Display   you should know about.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"OLED":"Universal Display Corporation"},"translate_title":"Universal Display 2024年第三季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OLED":1},"content_text":"Universal Display (NASDAQ:OLED) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$161.6m (up 15% from 3Q 2023).\nNet income: US$66.7m (up 30% from 3Q 2023).\nProfit margin: 41% (up from 36% in 3Q 2023). The increase in margin was driven by higher revenue.\nEPS: US$1.40 (up from US$1.08 in 3Q 2023).\n\n\n\n\n  NasdaqGS:OLED Earnings and Revenue Growth November 1st 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nUniversal Display EPS Beats Expectations, Revenues Fall Short\n Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 17%. \n Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US. \nPerformance of the American Semiconductor industry.\n The company's shares are down 11% from a week ago. \nRisk Analysis\n What about risks? Every company has them, and we've spotted   1 warning sign for Universal Display   you should know about. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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