Universal Display (OLED) Q2 Earnings Lag Despite Higher Revenues

Universal Display Corporation (OLED) reported relatively modest second-quarter 2024 results, with both the top and bottom lines falling short of the Zacks Consensus Estimate. However, the company reported a top-line expansion year over year, backed by solid demand for emitter materials. The company is witnessing strong OLED proliferation from leading manufacturers. The introduction of new OLED PC products and healthy traction in the IT landscape acted as a tailwind. Management is undertaking several measure ...