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Thursday, August 9, 2018

=Universal Display (OLED) reported earnings on Thur 9 Aug 2018 (a/h)

Universal Display beats by $0.06, beats on revs; reaffirms FY18 revs guidance 
  • Reports Q2 (Jun) earnings of $0.23 per share, $0.06 better than the Capital IQ Consensus of $0.17; revenues fell 45.2% year/year to $56.15 mln vs the $49.64 mln Capital IQ Consensus.
  • Coreaffirms guidancefor FY18, sees FY18 revs of $280-310 mln vs. $298.97 mln Capital IQ Consensus Estimate.
  • Co believes that 2019 is poised to be a pivotal year for the OLED industry. With the multi-year OLED capex growth cycle of new production lines, the landscape of OLED capacity is expected to significantly widen. Co believes this will drive broader adoption of OLEDs across the consumer electronics market, and fuel substantial growth in the OLED industry. Additionally, co expects the long-awaited introduction of the world's first foldable OLED product next year to pave the cutting-edge and innovative form factor path.

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