Universal Display on Thursday released third-quarter revenue to US $ 61.7 million EPS with a EPS of US $ 0.28 and an estimated analyst estimate of US $ 46.7 million with EPS of US $ 0.11.
Looking forward to the year, Universal Display estimates revenue to rise from $ 285-3 million to $ 310-320 million, up from analysts' estimate of $ 299 million.
Universal Display earnings paid off, chief executive Sidney Rosenblatt attributed it to the new listing of smart phones using OLED technology, as well as the demand for OLED TVs.
Rosenblatt believes that OLED will quickly become the high-end panel standard, and as the leader of materials and technology in this area, Universal Display is the key to OLED performance. In addition, Rosenblatt also announces the forthcoming launch of the world's first collapsible OLED product .
Universal Display closed up 1.16% during the normal trading hours on Thursday, up 3.15% after the plate, temporarily quoted at 148.9 dollars.