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Technology Stocks : OLED Universal Display Corp

OLED 119.04

+0.1%

1:32 PM EST

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From: I'manoledguy	2/20/2025 5:00:34 PM
	1 Recommendation of 29727

EWING, N.J. (AP) — EWING, N.J. (AP) — Universal Display Corp. (OLED) on Thursday reported fourth-quarter profit of $46 million. The Ewing, New Jersey-based company said it had profit of 96 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to $1.22 per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share. The organic light-emitting diode technology company posted revenue of $162.3 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $148.7 million. For the year, the company reported profit of $222.1 million, or $4.65 per share. Revenue was reported as $647.7 million. Universal Display expects full-year revenue in the range of $640 million to $700 million.

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