Please ensure Javascript is enabled for purposes of website accessibility

How Universal Display Corp. Stock Rose 25.2% in November

By Anders Bylund - Dec 8, 2017 at 2:56PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The OLED technologist shattered Wall Street's targets in the third quarter.

What happened

Shares of Universal Display (OLED -2.85%) gained 25.2% in November 2017, according to data from S&P Global Market Intelligence. The surge started off with an earnings surprise and simply never lost momentum.

So what

The researcher of organic light-emitting diode technologies crushed Wall Street's expectations in last month's third-quarter report. Top-line sales more than doubled year over year to $61.7 million while adjusted earnings rose from $0.03 to $0.28 per share. Analysts had been expecting earnings closer to $0.12 per share on sales in the neighborhood of $47 million. OLED shares jumped more than 10% higher the next day.

Smiling young couple watches TV together, holding a bowl of popcorn.

Image source: Getty Images.

Now what

So far, Universal Display is riding high demand for OLED-based smartphone screens with a side of big-screen OLED televisions. Consumers just can't get enough of these vibrant but power-efficient screens. This holiday season could turn out to be a monster catalyst for the next-generation TV technology. Granted, a 55-inch OLED TV still carries about four times the cost of a basic LCD screen of the same size. But the gap is narrowing and OLED sets are gaining momentum.

Next up, Universal Display will explore the far larger market for everyday lighting panels. Stay tuned for that game changer.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Universal Display Corporation Stock Quote
Universal Display Corporation
OLED
$100.82 (-2.85%) $-2.96

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
317%
 
S&P 500 Returns
112%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/30/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.