Universal Display: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 07:09 PM ET
Last Updated - Jun 21, 2023, 11:09 PM EDT
EWING, N.J. (AP) — EWING, N.J. (AP) — Universal Display Corp. (OLED) on Wednesday reported first-quarter net income of $39.8 million.
The Ewing, New Jersey-based company said it had net income of 83 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.
The organic light-emitting diode technology company posted revenue of $130.5 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $135.3 million.
