EWING, N.J. (AP) — EWING, N.J. (AP) — Universal Display Corp. (OLED) on Thursday reported second-quarter earnings of $49.4 million.
On a per-share basis, the Ewing, New Jersey-based company said it had net income of $1.06.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The organic light-emitting diode technology company posted revenue of $152.2 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $158.4 million.
Universal Display expects full-year revenue in the range of $630 million to $670 million.
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