Universal Display: Q2 Earnings Snapshot

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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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OLED at https://www.zacks.com/ap/OLED