Universal Display: Q3 Earnings Insights

Shares of Universal Display OLED moved lower by 4.86% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 8.97% over the past year to $0.85, which beat the estimate of $0.45.

Revenue of $117,079,000 up by 20.06% from the same period last year, which beat the estimate of $90,030,000.

Guidance

Universal Display Corporation Sees FY20 Sales $385M-$400M vs $377.1M Est.

Conference Call Details

Date: Oct 29, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.oled.com%2F&eventid=2630563&sessionid=1&key=2C159F2C787EF0A1F93CBD77D70FF9BA&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $222.20

Company's 52-week low was at $105.11

Price action over last quarter: Up 9.91%

Company Profile

Universal Display Corp researches, develops, and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. A large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, Taiwan, the United States, and other countries across the world.