Universal Display Q1 EPS Misses Estimates, $400M Buyback and $0.50 Dividend
OLED•Universal Display reported Q1 profit of $35.9 million with EPS of $0.76, missing analysts' $1.13 estimate, and revenue of $142.2 million versus $155.6 million forecast. The company authorized a $400 million share repurchase and declared a $0.50 quarterly dividend while guiding full-year revenue of $630 million to $670 million.
1. Q1 Financial Results
Universal Display recorded Q1 profit of $35.9 million, translating to 76 cents per share, below the consensus estimate of $1.13 and down from $1.35 in the prior-year period. Revenue for the quarter reached $142.2 million, falling short of the $155.6 million analysts had projected.
2. Share Repurchase and Dividend
The company approved a new $400 million share repurchase program and declared a quarterly cash dividend of 50 cents per share, reinforcing its commitment to return capital to shareholders.
3. Full-Year Guidance
Management issued full-year revenue guidance in the range of $630 million to $670 million, providing a framework for anticipated sales growth in the current fiscal year.
