Universal Display Corporation Announces Third Quarter 2016 Financial Results

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Universal Display (OLED) Tops Q3 EPS by 1c; Guides

November 3, 2016 5:31 PM EDT

Universal Display (NASDAQ: OLED) reported Q3 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $30.2 million versus the consensus estimate of $32.95 million.

GUIDANCE:

Universal Display sees FY2016 revenue of $190-200 million, versus the consensus of $195.2 million.

Our third quarter 2016 results were in line with our expectations for the year. As we noted last... More