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Mar 31, 2021
Universal Display Q1 2021 Earnings Report
Universal Display's Q1 2021 earnings showcased strong revenue growth and solid profitability.
Key Takeaways
Universal Display Corporation (Nasdaq: OLED) reported financial results for the first quarter ended March 31, 2021, with total revenue of $134.0 million, compared to $112.3 million in the first quarter of 2020. Net income was $51.7 million, or $1.08 per diluted share, as compared to $38.2 million, or $0.80 per diluted share in the first quarter of 2020.
Total revenue increased to $134.0 million from $112.3 million year-over-year.
Material sales revenue grew to $79.8 million compared to $66.6 million year-over-year.
Royalty and license fees revenue increased to $50.9 million from $43.1 million year-over-year.
Operating income rose to $63.6 million compared to $44.5 million year-over-year.
Revenue by Segment
Forward Guidance
The Company continues to believe that its 2021 revenue will be approximately in the range of $530 million to $560 million.
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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