Universal Display (NASDAQ:OLED) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:33 PM.

Here's what investors need to know about the announcement.

Earnings

Universal Display beat estimated earnings by 1.22%, reporting an EPS of $0.83 versus an estimate of $0.82.

Revenue was down $20.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.42 which was followed by a 6.08% increase in the share price the next day.

Here's a look at Universal Display's past performance:

To track all earnings releases for Universal Display visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.