Universal Display's (NASDAQ:OLED) earnings report of May 8 demonstrated outstanding y/y quarterly revenue growth of 152% to $37.8 million on the strength of 177% growth in its materials sales business. Although gross margin declined slightly by 5% to 72%, UDC is managing this growth well, with a 41% increase in operating expenses. Operating income was $6.628 million vs. an operating loss in Q1 2013 of $7.154 million.
UDC's solid numbers lifted the stock by 15% the following day, but then the market took it all back within a few days. Since then, the stock has struggled to make up what it lost in the aftermath of the earnings report.
Analysts have also been underwhelmed. Canaccord Genuity...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|