Stocks Popping After-Hours: OLED, YOKU, NMBL, OVTI

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Universal Display (NASDAQ:OLED) is higher in late trading after the company reported mixed financial results for Q4, and issued in line guidance for fiscal 2014 revenue. Shares are up 2.33% at $36, with a 52-week range of $25.70 – $39.74. The company reported Q4 earnings of $0.35 per share, ex one-time items, compared with the prior-year period’s $0.12 per share.

Revenue was $49.5 million, up 76.2% from $28.13 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $0.43 on revenues of $46.77 million. OLED said the year-over-year increase in revenues was led by a 153% increase in material sales, which rose to $25.5 million, up from $10.1 million in the same quarter in 2012, reflecting strong volume growth in green emitter and host material sales.

Royalty and license fees were $23.1 million compared to $15.4 million in the prior-year. OLED recognized $20 million in SDC licensing revenue in the quarter, up from $15 million in the same quarter of 2012. The company expects fiscal 2014 revenue to be $190 million – $205 million, versus the Street view of $197.48 million.

Youku Tudou (NYSE:YOKU) reported Q4 revenue of $148.9 million, up 42% from year ago levels and ahead of the analyst consensus of $145.4 million on Capital IQ. Non-GAAP net profit was RMB44.2 million (US$7.3 million) in the fourth quarter of 2013, as compared to a non-GAAP net loss of RMB62.3 million (US$10.3 million) for the corresponding period in 2012.

Loss per ADS was $0.02. The Street view was a profit of $0.01 per ADS on a normalized basis and a loss of $0.05 per ADS on a GAAP basis. For A1, the company expects net revenues will be between RMB680 million and RMB720 million, with advertising net revenues contributing between RMB600 million and RMB640 million.

Flash-storage firm Nimble Storage Inc. (NYSE:NMBL) gains late Thursday after narrowing its Q4 loss on stronger revenue. The company reports a Q4 loss of $13.2 million, or $0.29 per share. Excluding one-time items, Nimble would have lost $0.14 a share compared to a loss of $0.16 a year earlier. The company had revenue of $41.7 million compared to $20.2 million a year earlier. Capital IQ did not provide a survey estimate.

Omnivision Technologies Inc. (NASDAQ:OVTI) jumped 14% in late trading after reporting earnings that beat analyst estimates. The maker of digital imaging devices said Q3 earnings rose 23% to $0.69 a share, beating the Capital IQ estimate of $0.35. Q3 revenue fell 17% from a year earlier to $352 million, beating the consensus estimate of $326 million.

Omnivision estimated Q4 earnings will be $0.19 and $0.35 a share, compared with the consensus estimate of $0.23. It posted earnings of $0.31 a share in the year-earlier quarter. The company expects Q4 revenue to decline 9% to 18% to a range of $275 million to $305 million, compared with Wall Street estimates of $286 million. Omnivision gained 14% to $18.40 in late trading. It reached a 52-week high of $20.48 on June 18.

 

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