Universal Display shares surge on upbeat revenue outlook

Universal Display

04/08/2023 07:03

** Shares of U.S.-based display technology developer Universal
Display Corp  OLED.O  up 7.9% at $150.01 in aftermarket trade
    ** Co raises lower end of previous rev guidance and sees
2023 rev between $560 mln to $600 mln; analysts on avg were
expecting $576.5 mln - Refinitiv IBES
    ** Reports Q2 rev of $146.6 mln, above avg estimate of
$128.6 mln
    ** OLED reports GAAP of $1.04/shr, analysts were expecting
$0.75/shr
    ** As of last close, OLED shares up 28.7% YTD

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))