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So what: Revenue in the fourth quarter totaled $28.1 million, ahead of the consensus estimate of $26.4 million in sales. That translated into earnings per share of $0.12, which was barely short of the $0.13 per share profit that the Street was expecting. Last year was the second consecutive profitable year for the company.
Now what: UDC also provided guidance for 2013, with revenue expected in the range of $110 million to $125 million. After having to reduce guidance mid-year in 2012, investors are optimistic that UDC can deliver this year as primary customers Samsung and LG are now slowly ramping up OLED TV production. Goldman Sachs is reiterating its buy rating on the stock with a $41 price target and expects visibility to improve in 2013.
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Fool contributor Evan Niu, CFA, owns shares of Universal Display. The Motley Fool recommends Universal Display. The Motley Fool owns shares of Universal Display. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.