UDC Q4 Earnings Miss Consensus, But Announcement on Blue Thrills Investors
Published February 28, 2022
Universal Display Corporation (UDC) changed the narrative in its earnings release last week. After 2021 revenues came roughly in line with its guidance and Q4 earnings came below expectations, and despite guidance for 2022 that seemed conservative, UDC pleased investors by announcing that it would reach target performance on phosphorescent blue emitters by the end of this year. The addition of blue to UDC’s portfolio has the potential to dramatically improve UDC’s revenue and also the potential to accelerate the entire sector of OLED displays, and investors were thrilled at the news, sending UDC’s stock up 23% on the Thursday after the earnings release on a day when many stocks tanked because of Russia’s invasion of Ukraine.
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