Brief: Universal Display Corp Posts Q4 EPS Of $0.56

Universal Display

20/02/2020 21:39

Feb 20 (Reuters) - Universal Display Corp  OLED.O :
    * ORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2019
FINANCIAL
RESULTS
    * Q4 EARNINGS PER SHARE $0.56
    * Q4 EARNINGS PER SHARE ESTIMATE $0.74 -- REFINITIV IBES
DATA
    * SEES FY 2020 REVENUE $430 MILLION TO $470 MILLION
    * FOR 2020, EXPECT OLED INDUSTRY AND REVENUES TO CONTINUE TO
GROW
    * EXPECT CAPACITY DIGESTION AND EVOLVING UNCERTAINTIES
RELATED TO
NOVEL CORONAVIRUS TO IMPACT MATERIAL ORDERS IN 2020
    * LONG-TERM, BELIEVE OLED INVESTMENT MOMENTUM REMAINS STRONG
    * CONTINUE TO ESTIMATE THAT INSTALLED CAPACITY AT END OF
2021 WILL
GROW BY APPROXIMATELY 50%
    * TOTAL REVENUE IN Q4 OF 2019 WAS $101.7 MILLION AS COMPARED
TO
$70.1 MILLION IN Q4 OF 2018
    * Q4 REVENUE VIEW $103.2 MILLION -- REFINITIV IBES DATA
    * FY2020 REVENUE VIEW $496.1 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw3BHsrFa 
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