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EWING, N.J. (AP) — EWING, N.J. (AP) — Universal Display Corp. (OLED) on Thursday reported second-quarter net income of $52.3 million.
The Ewing, New Jersey-based company said it had net income of $1.10 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The organic light-emitting diode technology company posted revenue of $158.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $160.1 million.
Universal Display expects full-year revenue in the range of $645 million to $675 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OLED at https://www.zacks.com/ap/OLED