EWING, N.J. (AP) — EWING, N.J. (AP) — Universal Display Corp. (OLED) on Thursday reported fourth-quarter profit of $66.3 million.
The Ewing, New Jersey-based company said it had profit of $1.39 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The organic light-emitting diode technology company posted revenue of $172.9 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $173.3 million.
For the year, the company reported profit of $242.1 million, or $5.08 per share. Revenue was reported as $650.6 million.
Universal Display expects full-year revenue in the range of $650 million to $700 million.
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