Universal Display (OLED) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Universal Display Corp. reported revenue of $158.51 million for the quarter ended June 2024, reflecting an 8.1$1.10, up from $1.04 in the same quarter last year, but also missed the consensus estimate of$1.14 by 3.51% [1] Revenue Breakdown - Material sales revenue was $95.44 million, exceeding the average estimate of$91.55 million by analysts, with a year-over-year increase of 23.8% [3] - Contract research services generated $3.51 million, slightly above the average estimate of$3.28 million, but showed a significant year-over-year decline of 30.6% [4] - Royalty and license fees amounted to $59.55 million, below the average estimate of$65.30 million, representing a year-over-year decrease of 7.5% [5] Stock Performance - Over the past month, Universal Display shares have returned 2.1%, outperforming the Zacks S&P 500 composite's return of 1.1% [5] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [5]