Universal Display (OLED) Tops Q3 EPS by 2c; Trims FY14 Sales Outlook

Universal Display (NASDAQ: OLED) reported Q3 EPS of $0.09, $0.02 better than the analyst estimate of $0.07. Revenue for the quarter came in at $32.9 million versus the consensus estimate of $37.8 million.

With the OLED industry still in its nascent stage where many variables can have a material impact on its growth, the Company now expects revenues to be in the range of $183 million to $185 million. (Consensus is at $203.6 million.) The revised expectation is based on the assumption that the above noted third quarter customer trends are likely to continue for the remainder of this year.

For earnings history and earnings-related data on Universal Display (OLED) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Hermès can regain momentum despite China weakness, Jefferies says
• AeroVironment restates quarterly financials, citing $89M goodwill error