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% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.40 (up from US$1.08 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Universal Display EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) 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.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Universal Display, and understanding it should be part of your investment process.

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