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Investing.com- Universal Display Corporation (NASDAQ:OLED) reported first-quarter earnings that surpassed analyst expectations, driving its stock up 3% in after-hours trading. The company also announced a new $100 million share repurchase program, further boosting investor sentiment.
The OLED technology and materials provider posted adjusted earnings per share of $1.35 for the quarter ended March 31, 2025, beating the analyst consensus of $1.15. Revenue came in at $166.3 million, topping estimates of $160.73 million and showing a slight increase from $165.3 million in the same quarter last year.
Universal Display reaffirmed its full-year 2025 revenue guidance of $640 million to $700 million. The midpoint of this range, $670 million, aligns closely with current analyst expectations.
"We began 2025 on a solid financial note and continue to remain confident in the long-term growth trajectory of the OLED market," said Brian Millard, Vice President and Chief Financial Officer of Universal Display Corporation.
The company reported that revenue from royalty and license fees increased to $73.6 million from $68.3 million YoY, primarily due to changes in customer mix. However, material sales revenue decreased to $86.2 million from $93.3 million YoY, attributed to lower unit material volume for emitter materials.
Universal Display’s board of directors approved a quarterly cash dividend of $0.45 per share, payable on June 30, 2025, to shareholders of record as of June 16, 2025.
The company’s stock rose 3% following the earnings release and share repurchase announcement, reflecting positive investor reaction to the results and capital return initiatives.
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