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Mar 31, 2020
Universal Display Q1 2020 Earnings Report
Universal Display's Q1 2020 financial results were announced, with revenue increasing year-over-year, but 2020 revenue guidance was withdrawn due to the COVID-19 pandemic.
Key Takeaways
Universal Display Corporation reported a revenue of $112.3 million for Q1 2020, an increase from $87.8 million in Q1 2019. The company's net income was $38.2 million, or $0.80 per diluted share, compared to $31.5 million, or $0.66 per diluted share, in the previous year. Due to the uncertainty of the COVID-19 pandemic, the company has withdrawn its 2020 revenue guidance.
Q1 2020 revenue increased to $112.3 million from $87.8 million in Q1 2019.
Material sales revenue was $66.6 million, up from $54.5 million in the prior year.
Royalty and license fees revenue increased to $43.1 million from $30.3 million year-over-year.
Net income rose to $38.2 million, or $0.80 per diluted share, compared to $31.5 million, or $0.66 per diluted share, in Q1 2019.
Revenue by Segment
Forward Guidance
Due to the ongoing uncertainty regarding both the scope and duration of the COVID-19 global pandemic, the Company is withdrawing its previously issued 2020 revenue guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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