Universal Display Corporation Announces Second Quarter 2016 Financial Results

Go back to Universal Display Corporation Announces Second Quarter 2016 Financial Results

Universal Display (OLED) Misses Q2 EPS by 4c; Lowers Outlook

August 4, 2016 4:45 PM EDT

Universal Display (NASDAQ: OLED) reported Q2 EPS of $0.46, $0.04 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $64.4 million versus the consensus estimate of $68.68 million.

Our second quarter 2016 revenues and net income increased year-over-year, and we maintained our strong margin profile. We are confident that the underlying growth fundamentals of our... More