Universal Display Corporation Now Up 18% Despite Earnings Missed (PANL)

Universal Display Corporation PANL shares continue to skyrocket today, gaining more than 19% despite the company missing earnings estimates.

The company reported a loss of 14 cents per share on revenues of $10.79 million, while Wall Street expected a loss of 7 cents per share on revenues of $7.45 million.

The organinc light emitting device technology company's operating loss for the quarter narrowed to $0.21 million from $4.17 million last year.

At last check, shares were up $7.15 to $45.33, a gain of 18.17%.