Universal Display Corporation Announces Second Quarter 2020 Financial Results

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Universal Display (OLED) Misses Q2 EPS by 28c

August 6, 2020 5:27 PM EDT

Universal Display (NASDAQ: OLED) reported Q2 EPS of $0.02, $0.28 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $58 million versus the consensus estimate of $74.19 million.

While COVID-19 uncertainties will likely continue to weigh on consumer demand in the near-term, we continue to invest and further strengthen our leadership position in the OLED ecosystem and expect to emerge a stronger partner... More