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Investing.com - Universal Display reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Universal Display announced earnings per share of $1.12 on revenue of $160.56M. Analysts polled by Investing.com EPS of $1.02 on revenue of $150.73M.
Universal Display 's are down 12% and is trading at $98.00 , still down 52.14% from its 52 week high of $187.97 set on Thursday, November 4, 2021.
Universal Display shares gained 8.93% to trade at $98.00 in after-hours trade the report.
Universal Display follows other major Information Technology sector earnings this month
Universal Display's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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