Universal Display Corp (PANL) Misses Q2 EPS by 1c; Guides In-Line FY12 Revs

Universal Display Corp (NASDAQ: PANL) reported Q2 EPS of $0.23, $0.01 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $30 million versus the consensus estimate of $28.98 million.

The Company’s arrangement with SDC provides a substantial amount of visibility into its potential future financial performance. Although the OLED industry is still at a stage where many variables can have a material effect on growth, in an effort to increase our transparency, Universal Display is providing the following financial guidance. Again with the caveat that the OLED industry is still in an early stage, the Company believes that its revenues will be in the range of $90 million to $110 million for fiscal 2012.

The Street sees revs of $101.10 million.
For earnings history and earnings-related data on Universal Display Corp (PANL) click here.

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