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."

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  • 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.

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