Universal Display: Q1 Earnings Insights

Universal Display OLED reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:33 PM.

Here's what investors need to know about the announcement.

Universal Display beat estimated earnings by 1.22%, reporting an EPS of $0.83 versus an estimate of $0.82.

Revenue was down $20.00 million from the same period last year.

Last quarter the company beat on EPS by $0.42 which was followed by a 6.08% increase in the share price the next day.

Here's a look at Universal Display's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.94	0.99	1.04	0.98
EPS Actual	1.36	1.12	0.87	1.05
Revenue Estimate	148.97M	148.42M	151.52M	144.46M
Revenue Actual	169.03M	160.56M	136.56M	150.47M

To track all earnings releases for Universal Display visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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