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Last Update: 09-Nov-11 10:07 ET
Universal Tops third Quarter Expectations; Guides In-line
Universal Display (PANL $55.05 +5.61) reported third quarter earnings of $0.12 per share, $0.13 better than the Capital IQ Consensus Estimate of ($0.01), results for the third quarters of 2011 and 2010 included a non-cash gain of $240,000 and non-cash loss of $3.4 million, respectively, on stock warrant liability.
Revenues rose 208.8% year/year to $21.8 million versus the $11.62 million consensus.
For the fourth quarter, the company expects to see revenue below $21.8 million versus $15.64 mln Capital IQ Consensus Estimate. For fiscal year 2011, the company expects revenue to fall in the range of $58 million to $62 million versus the $49.50 million Capital IQ Consensus Estimate.
In fiscal year 2012, the company sees revenue of $90 million to $110 million versus the $103.76 million Capital IQ Consensus Estimate.
Revenues rose 208.8% year/year to $21.8 million versus the $11.62 million consensus.
For the fourth quarter, the company expects to see revenue below $21.8 million versus $15.64 mln Capital IQ Consensus Estimate. For fiscal year 2011, the company expects revenue to fall in the range of $58 million to $62 million versus the $49.50 million Capital IQ Consensus Estimate.
In fiscal year 2012, the company sees revenue of $90 million to $110 million versus the $103.76 million Capital IQ Consensus Estimate.
