Universal Display Corporation (NASDAQ: OLED) reported stronger-than-expected financial results for the third quarter of 2013. The company also raised its revenue outlook, following the strong quarterly results, sending shares sharply higher in trading on Friday. PANL’s earnings for the third quarter came in at $5.5 million, or $0.12 per share. Analysts were expecting the company to report a loss of $0.04 per share for the quarter. The company’s revenue for the quarter was $32.5 million, compared to Street estimates of $21.76 million. PANL shares surged to an intra-day high of $36.98 on Friday before finishing the day 25.59% higher at $36.61 on above average volume of 3.85 million.
Tag: PANL
Major Movers on February 28; PANL, JCP, GTLS, CVC
Shares of Universal Display Corporation (NASDAQ: PANL), a company engaged in the development and licensing of its OLED technologies to manufacturers of products for display applications, are rallying in trading today after the company reported its fourth-quarter financial results.
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Major Gainers and Losers on November 8; QCOM, PANL, AMCX, WIN
Shares of Qualcomm Inc. (NASDAQ: QCOM), a designer, manufacturer and marketer of digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies, are soaring in trading today.
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Universal Display Corporation Posts Strong Earnings (PANL)
Organic light emitting diode (OLED) technologies and materials maker, Universal Display Corporation (NASDAQ: PANL) reported stronger profit and better revenue for the fiscal second quarter as sales of materials and license fees soared.
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