$OLED Universals Displays rips higher after hours.
Its a bulll in the afterhours, blown past expectations and warrants the huge 15% move, despite this bullish action it has room to go and could go there very fast if the markets stability continues.
It is a risk to be jumping on it at this level, wisdom would dictate wait for some profit taking or market weakness to get in.
Earnings highlights, Source seekingalpha.
Universal Display's (NASDAQ:OLED) +13.2% Q3 results beat on EPS and revenue with 26% Y/Y sales growth. The upside FY19 outlook sees revenue of $400-410M (consensus: 383.28M).
Q3 revenue from material sales was 51.8M, up from 51.2M in last year's quarter. Royalty and license fees totaled 43M compared to 23.3M.
Cost of materials roes from 13.8M in last year's quarter to 15.2M.
Average Analysts recommendation Hold (expect upgrades)
Average analysts price target $211, ( rises on the way)
P/E ratio 70 (high)
Company profile
Universal Display Corp. engages in research, development and commercialization of organic light emitting diode, technologies and materials. It also develops and licenses proprietary OLED technologies to manufacturers of products for display applications, such as cell phones, portable media devices, tablets, laptop computers and televisions and specialty and general lighting products. The company was founded by Sherwin I. Seligsohn in 1994 and is headquartered in Ewing, NJ.
It is a risk to be jumping on it at this level, wisdom would dictate wait for some profit taking or market weakness to get in.
Earnings highlights, Source seekingalpha.
Universal Display's (NASDAQ:OLED) +13.2% Q3 results beat on EPS and revenue with 26% Y/Y sales growth. The upside FY19 outlook sees revenue of $400-410M (consensus: 383.28M).
Q3 revenue from material sales was 51.8M, up from 51.2M in last year's quarter. Royalty and license fees totaled 43M compared to 23.3M.
Cost of materials roes from 13.8M in last year's quarter to 15.2M.
Average Analysts recommendation Hold (expect upgrades)
Average analysts price target $211, ( rises on the way)
P/E ratio 70 (high)
Company profile
Universal Display Corp. engages in research, development and commercialization of organic light emitting diode, technologies and materials. It also develops and licenses proprietary OLED technologies to manufacturers of products for display applications, such as cell phones, portable media devices, tablets, laptop computers and televisions and specialty and general lighting products. The company was founded by Sherwin I. Seligsohn in 1994 and is headquartered in Ewing, NJ.
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