Universal Display Q2 Profit Rises

(RTTNews) - Universal Display Corp. (OLED) Thursday reported second-quarter net income of $20.4 million or $0.44 per share, up from last year's net income of $15.4 million or $0.33 per share.

Revenues rose to $64.1 million from $49.4 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.40 per share on revenues of $61.61 million for the quarter. Analysts' estimates typically exclude special items.

The company reaffirmed its expectations for 2014 revenues to reach the high end of its $190 million to $205 million guidance range. Analysts currently estimate revenues of $205.71 million.