Universal Display Corp (PANL) Posts Q4 EPS of 12c
Tweet
Share
E-mailGet Alerts PANL Hot Sheet
Price: $7.68 +4.49%
EPS Growth %: +1,450.0%
Financial Fact:
NET INCOME (LOSS): 21.8M
Today's EPS Names:
PLCE, COE, JVA, More
EPS Growth %: +1,450.0%
Financial Fact:
NET INCOME (LOSS): 21.8M
Today's EPS Names:
PLCE, COE, JVA, More
Join SI Premium – FREE
Universal Display Corp (NASDAQ: PANL) reported Q4 EPS of $0.12, versus analyst estimate of $0.06. Revenue for the quarter rose 73% to $18.7 million versus the consensus estimate of $17.83 million.
Last year, the company posted an operating loss of $210,000 and a net loss of $5.3 million, or $0.14 per diluted share, on revenues of $10.8 million.
Material sales were $10.8 million for the quarter, up 47% compared to $7.4 million for the fourth quarter of 2010, primarily due to increased material sales under commercial agreements. Royalty and license fees were $5.4 million for the quarter, up 207% compared to $1.8 million for the fourth quarter of 2010, due to $5 million in license payments from a large customer during the quarter.
"Strong demand for both our proprietary materials and technology sustained the momentum in our business, led to another quarter of top and bottom line growth, and lifted the company to its first ever full year profit," said Sidney D. Rosenblatt, Executive Vice President and Chief Financial Officer of Universal Display.
For earnings history and earnings-related data on Universal Display Corp (PANL) click here.
Last year, the company posted an operating loss of $210,000 and a net loss of $5.3 million, or $0.14 per diluted share, on revenues of $10.8 million.
Material sales were $10.8 million for the quarter, up 47% compared to $7.4 million for the fourth quarter of 2010, primarily due to increased material sales under commercial agreements. Royalty and license fees were $5.4 million for the quarter, up 207% compared to $1.8 million for the fourth quarter of 2010, due to $5 million in license payments from a large customer during the quarter.
"Strong demand for both our proprietary materials and technology sustained the momentum in our business, led to another quarter of top and bottom line growth, and lifted the company to its first ever full year profit," said Sidney D. Rosenblatt, Executive Vice President and Chief Financial Officer of Universal Display.
For earnings history and earnings-related data on Universal Display Corp (PANL) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nvidia pitches Vera CPU to Chinese clients with August delivery target
- MIND Technology (MIND) Misses Q1 EPS by 5c
- UBS Reiterates Neutral Rating on Lennar (LEN) Following Q2 Results
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
