Brief: Universal Display Corporation Announces First Quarter 2020 Financial Results

Universal Display

07/05/2020 23:00

May 7 (Reuters) - Universal Display Corp  OLED.O :
    * ORATION ANNOUNCES FIRST QUARTER 2020 FINANCIAL RESULTS
    * Q1 EARNINGS PER SHARE $0.80
    * Q1 REVENUE $112.3 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$96.1 MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $0.64 -- REFINITIV IBES
DATA
    * WITHDRAWS PREVIOUSLY PROVIDED 2020 REVENUE GUIDANCE DUE TO
COVID-19 PANDEMIC
    * UNIVERSAL DISPLAY - ANTICIPATES MATERIAL DISRUPTION TO
INDUSTRIES THAT UTILIZE OLEDS DUE TO EVOLVING PANDEMIC & IMPACT
ON MACROECONOMIC ENVIRONMENT

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