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Universal Display Reports Strong Q3 Results; Raises Outlook

By Warren Paige

Universal Display Corporation (NASDAQ: OLED) reported stronger-than-expected financial results for the third quarter of 2013. The company also raised its revenue outlook, following the strong quarterly results, sending shares sharply higher in trading on Friday. PANL’s earnings for the third quarter came in at $5.5 million, or $0.12 per share. Analysts were expecting the company to report a loss of $0.04 per share for the quarter. The company’s revenue for the quarter was $32.5 million, compared to Street estimates of $21.76 million. PANL shares surged to an intra-day high of $36.98 on Friday before finishing the day 25.59% higher at $36.61 on above average volume of 3.85 million.

November 9th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.