Universal Display Corp. (PANL) Thursday said first-quarter loss widened to $4.8 million or $0.10 per share from $1.2 million or $0.03 per share in the same period last year.
On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.10 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $15.0 million, up 19 percent from $12.6 million last year. Analysts expected revenues of $14.38 million.
Operating expenses increased 56 percent to $22.1 million from $14.2 million last year.
Looking ahead, the company targets full-year revenues in the range of $110 million to $125 million.
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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.