Universal Display Posts Q1 Profit - Quick Facts

(RTTNews) - Universal Display Corp. (OLED) Thursday reported first-quarter profit of $4.0 million or $0.09 per share, compared to a loss of $4.8 million or $0.10 per share in the same period last year.

On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $37.8 million from $15.0 million last year. Analysts expected revenues of $31.01 million.

Looking ahead to the fiscal 2014, the company now expects revenues to reach the high end of its $190 million to $205 million guidance range. Analysts currently expect full-year revenues of $199.20 million.