Universal Display (NASDAQ:OLED) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:33 PM.
Here’s what investors need to know about the announcement.
Earnings
Universal Display beat estimated earnings by 1.22%, reporting an EPS of $0.83 versus an estimate of $0.82.
Revenue was down $20.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.42 which was followed by a 6.08% increase in the share price the next day.
Here’s a look at Universal Display’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.94 | 0.99 | 1.04 | 0.98 |
| EPS Actual | 1.36 | 1.12 | 0.87 | 1.05 |
| Revenue Estimate | 148.97M | 148.42M | 151.52M | 144.46M |
| Revenue Actual | 169.03M | 160.56M | 136.56M | 150.47M |
To track all earnings releases for Universal Display visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
