Universal Display falls on disappointing Q3 results

Universal Display

05/11/2021 12:48

** Shares of display technology developer  OLED.O  down 5.9%
at $173.57 premarket
    ** OLED posts Q3 revenue of $143.6 mln, misses analyst
estimates of $145.3 mln - Refinitiv data
    ** OLED records adjusted profit per share of 97 cents per
share, misses analyst estimates of $1.07 per share
    ** Co says they are seeing impacts to consumer electronics
from the pandemic and component shortages, but they see 2021
revenues to be in the range of $530 mln to $560 mln
    ** Up to Thursday's close, stock had fallen 19.7% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com;))