Universal Display (OLED) Tops Q2 EPS by 8c, Offers FY Guidance

Universal Display (NASDAQ: OLED) reported Q2 EPS of $0.23, $0.08 better than the analyst estimate of $0.15. Revenue for the quarter came in at $56.1 million versus the consensus estimate of $49.58 million.

GUIDANCE:

Universal Display sees 2018 revenue of $280-310 million, versus the consensus of $304.1 million.

• Although the OLED industry is still at an early state where many variables can have a material impact on its growth, and the Company thus caveats its financial guidance accordingly, the Company continues to expect that its 2018 revenues will be in the range of $280 million to $310 million. The guidance was prepared utilizing accounting standard ASC Topic 606; under the prior accounting standard ASC Topic 605, the Company estimates that its 2018 revenues would be approximately 10% to 15% higher than the revenue guidance range.

For earnings history and earnings-related data on Universal Display (OLED) click here.

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