Universal Display Corporation (NASDAQ:OLED) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, OLED is expected to report 3Q20 income of $ 0.45 per share from revenue of $ 90.03 million.
For the full year, analysts anticipate top line of $ 377.10 million, while looking forward to income of $ 2.01 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 430.00 million ~ $ 470.00 million
Click Here For More Historical Outlooks Of Universal Display Corporation
Previous Quarter Performance
Universal Display Corporation disclosed income for the second quarter of $ 0.02 per share, from the revenue of $ 57.97 million. The consensus estimates are income of $ 0.30 per share from $ 74.20 million in revenue. The bottom line results missed street analysts by $ 0.28 or 93.33 percent, at the same time, top line results fell short of analysts by $ 16.23 million or 21.87 percent.
Stock Performance
Shares of Universal Display Corporation traded low $ -5.40 or -2.76 percent on Wednesday, reaching $ 190.26 with volume of 247.60 thousand shares. Universal Display Corporation has traded high as $ 194.07 and has cracked $ 189.76 on the downward trend
According to the previous trading day, closing price of $ 190.26, representing a 86.15 % increase from the 52 week low of $ 105.11 and a 11.94 % decrease over the 52 week high of $ 222.20.
The company has a market capital of $ 8.96 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.15 per share on August 6, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 16, 2020 and ex-dividend date on September 15, 2020.
Conference Call
Universal Display Corporation will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website oled.com
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide. The company licenses and supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others.
