Universal Display Smashes Estimates on Global OLED Strength
Universal Display (NASDAQ: OLED) announced third-quarter 2019 results late Wednesday, handily beating expectations yet again. Only this time, the OLED technologist didn't credit orders pulled forward from Chinese customers (as was the case three months ago) due to the ongoing trade war. Rather, it touted the relative strength of its flagship product with electronics manufacturers around the world, and followed by increasing its full-year outlook.
With shares up more than 15% in after-hours trading as of this writing, here's a closer look at what Universal Display accomplished in its most recent quarter relative to the same year-ago period:
GAAP revenue
Source Fool.com
