EWING, N.J. (AP) — EWING, N.J. (AP) — Universal Display Corp. (OLED) on Thursday reported fourth-quarter net income of $65.1 million.
On a per-share basis, the Ewing, New Jersey-based company said it had net income of $1.36.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.
The organic light-emitting diode technology company posted revenue of $169 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $149.5 million.
For the year, the company reported profit of $210.1 million, or $4.40 per share. Revenue was reported as $616.6 million.
Universal Display expects full-year revenue in the range of $550 million to $600 million.
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