Universal Display Corp. (PANL) reported net income for the fourth quarter of $5.4 million or $0.12 per share, compared to $5.7 million or $0.12 per share for the year-ago quarter.
The year-ago quarter net income reflects a net tax benefit of about $2.7 million as a result of the sale of state-related net operating losses and tax credits, whereas there were no similar benefits in the fourth quarter of 2012.
Operating income for the quarter more than doubled to $8.4 million from $3.6 million last year.
Fourth quarter revenues increased 51% to $28.1 million from $18.7 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.13 per share on revenue of $26.44 million for the fourth quarter.
Looking forward, the company forecast revenues of $110 million to $125 million for fiscal 2013. Analyst currently expect the company to post revenue of $122.51 million for the fiscal year 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.