Analysts now see the display-technology company's outlook as "de-risked."
Shares of Universal Display Corp. were popping nearly 6% in Friday afternoon trading after the maker of display technologies easily topped earnings and revenue expectations for its latest quarter.
While the company’s 2023 outlook, issued Thursday afternoon, fell short of the consensus view, Oppenheimer analyst Martin Yang noted that it implied flat materials sales for the year, which lined up with what some on the buy side were anticipating. Needham’s James Ricchiuti wrote that Universal Display’s OLED forecast was “soft,” but “it was not completely unexpected given the current environment.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Another stock market crash coming, Wall Street's top investors warnThe stock market is off to a high-flying start this year — so why are Wall Street's top investors privately getting ready for a big fall? lopezlinette explains the factors behind Wall Street’s fear of a hard landing. ⬇️
Les mer »
Nvidia’s stock-market hot streak is far from over, according to Wall Street analystsNvidia's stock has been a massive outperformer lately, and the company's latest results suggest to some analysts that the name is not done running up.
Les mer »
Wall Street outlook: analysts expect a 9% rally in S&P 500The Dow and S&P 500 will rally 9% this year, according to survey of Wall Street analysts
Les mer »
As chatbots boom, Nvidia sales outlook beats Wall Street expectationsChip designer Nvidia Corp forecast first-quarter revenue above Wall Street estimates on Wednesday as the company benefits from a boom in spending to power chatbots and other artificial intelligence technologies.
Les mer »
Rackspace shares jump as fourth-quarter results top Wall Street’s expectationsThe report comes after the San Antonio company was hit by a ransomware attack, new...
Les mer »
Wall Street's top analysts don't think the bear market is overHere's why Wall Street's top analysts don't think the bear market is over
Les mer »