Blog from November 2024

China National Day Shutdown Stabilizes LCD TV Panel Prices

November 4, 2024

A shutdown by major Chinese LCD makers for the country’s National Day holiday has throttled industry supply leading in the fourth quarter, and as a result LCD TV panel prices have stabilized. For the first time ever, in our outlook we expect prices for all panel sizes to be unchanged for the next three months.
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UDC Books a Profitable Q3 But Signals Material Sales Slowdown

November 4, 2024

After a strong first half of 2024, Universal Display Corporation (UDC) reported a sequential increase in net profits but signaled a slowdown in materials sales that started near the end of the third quarter. The company now projects reduced material sales in the fourth quarter and has downwardly revised its full year revenue guidance. Investors punished the company after the call, pushing the company’s stock price down 11% in trading on Thursday. The company’s stock closed on Friday, November 1st at $180.25, down 3% year-to-date.
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