Universal Display (NASDAQ:OLED) Q4: Beats On Revenue But Inventory Levels Increase
OLED provider Universal Display (NASDAQ:OLED) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 2.5% year on year to $162.3 million. On the other hand, the company’s full-year revenue guidance of $670 million at the midpoint came in 6.4% below analysts’ estimates. Its GAAP profit of $0.96 per share was 10.8% below analysts’ consensus estimates.