logo-loader

PRE-MARKET MOVERS: Universal Display soars on Apple iPhone screen news; Halliburton slips lower

Last updated: 08:08 29 May 2018 EDT, First published: 03:08 29 May 2018 EDT

1527595817_shutterstock_229132183

Universal Display Corporation (NASDAQ:OLED) saw shares surge over 11% in pre-market at  US$111 as the firm basked in Apple (NASDAQ:AAPL) related news.

The world's most valuable tech group is reportedly planning to use OLED screens in all three of its iPhone models slates to launch next year.

That means screens should be able to offer deeper blacks and higher contrast than LCD-based displays.

It is worth noting that Samsung’s Galaxy S9, Google’s Pixel 2, and OnePlus’ recent models all come with OLED screens.

The iPhone X has been the first phone from  Steve Jobs led Apple to feature an OLED screen.

Apple shares shed 0.57% to stand at US$187.50.

In other pre-market news, oil services giant Halliburton Company (NYSE:HAL) shares dropped 2.85% to US$48.76  despite it inking a deal with Saudi Aramco - the Saudi oil firm.

 

"Over the past three years, Saudi Aramco has made great strides in developing our unconventional resources program, with emphasis on unconventional gas as an important clean energy source for the Kingdom’s future,” Amin H. Nasser, president and chief executive of Saudi Aramco, said in a statement.

The new agreement, it was reported,  will provide lump sum turnkey stimulation services, which include major hydraulic fracturing and well intervention operation.

Meanwhile, Salesforce.com Inc (NYSE:CRM) shares shed 0.36% to US$127.50 before the New York bell as the investment giant Morgan Stanley has high hopes for its first quarter earnings today.

It sees a good chance of the tech firm meeting its US$22bn revenue goal by 2022 and could see a share price rise of 37% by next year.

Analysts are especially keen to see how the impact of the US$6.8bn acquisition of MuleSoft, which closed on May 2 will affect the firm.

Finally, Booz Allen Hamilton Holding Corp (NYSE:BAH) saw shares nudge 0.34% higher to US$41.79 as its fourth quarter EPS (earnings per share) came in at  US$0.52 - better than the analyst estimates of US$0.46 but revenue for the three months was a miss - at US$1.64bn versus the consensus estimate of US$1.67bn.

ARway.ai announces multiple new SaaS developer contracts in both the United...

ARway.ai (CSE:ARWY, OTCQB:ARWYF) Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce multiple new SaaS developer sign-ups for its augmented reality experience platform, focusing on AR indoor navigation. These partnerships represent significant milestones in...

15 minutes ago