CORRECTION: Universal Display Q1 EPS $1.35 Beats $1.07 Estimate, Sales $166.30M Beat $156.08M Estimate

Universal Display (NASDAQ:OLED) reported quarterly earnings of $1.35 per share which beat the analyst consensus estimate of $1.07 by 26.17 percent. This is a 13.45 percent increase over earnings of $1.19 per share from the same period last year. The company reported quarterly sales of $166.30 million which beat the analyst consensus estimate of $156.08 million by 6.55 percent. This is a 0.63 percent increase over sales of $165.26 million the same period last year.