Universal Display Deepens Loss in Q1

By Eric Volkman – May 9, 2013 at 10:44PM

NASDAQ: OLED

Universal Display

Market Cap

$7B

Today's Change

(-2.06%) -$3.15

Current Price

$149.81

Price as of April 19, 2024, 4:00 p.m. ET

The company sinks further into the red.

Universal Display (OLED -2.06%) 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."

Fool contributor Eric Volkman has no position in Universal Display. The Motley Fool recommends Universal Display . The Motley Fool owns shares of Universal Display. 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.