Universal Display Deepens Loss in Q1

Universal Display (NASDAQ: OLED  ) results for the company's Q1 have been released. For the quarter, revenue was nearly $15 million, up from the $12.6 million in the same period the previous year. Net loss, however, deepened substantially to almost $4.8 million ($0.10 per diluted share), from Q1 2012's shortfall of $1.2 million ($0.03).

The company beat analyst expectations of $14.5 million in revenue, and met their average per-share loss projection of $0.10.

Universal Display also provided selected forward guidance. For the entirety of fiscal 2013, it believes revenue will come in at $110 million-$125 million. In offering this estimate, however, it cautioned that "the OLED industry is still at a stage where many variables can have a material effect on growth."


Read/Post Comments (3) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 10, 2013, at 12:54 AM, sidneyleejohnson wrote:

    Given all the coverage from Fool, I really expect more than a headline "deepens loss in Q1"...seriously? Your partial human coverage is awesome but your bot driven coverage is just pathetic. PANL's story deserves more than a y/y automated analysis.

  • Report this Comment On May 10, 2013, at 10:57 AM, BrotherBob100 wrote:

    Sorry, but the title here is misleading. The implication is that PANL performed worse than expected whereas the company actually met expectations.

  • Report this Comment On May 10, 2013, at 3:45 PM, TMFVolkman wrote:

    sidneyleejohnson, as the author of the article I can assure you that it was, in fact, 100% written by a live human being.

    BrotherBob100, I'd have to respectfully disagree. The hard fact is that its quarterly loss was deeper than the year-ago period. Since it's a fact, we can't characterize it as misleading.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2422295, ~/Articles/ArticleHandler.aspx, 8/23/2014 1:37:38 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!


Advertisement