Universal Display Q2 Profit Tops View - Quick Facts

(RTTNews) - Universal Display Corp. (OLED) reported a second-quarter net income of $15.4 million or $0.33 per share, compared to $11.0 million or $0.23 per share in the prior year quarter. On average, fourteen analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter rose 65% to $49.36 million from $29.99 million in the comparable quarter last year, while thirteen analysts had a consensus revenue estimate of $37.95 million for the quarter.

Growth in second quarter revenues was led by a 111% increase in material sales, which rose to $27.1 million, up from $12.8 million in the second quarter of 2012, reflecting strong volume growth.