Why Universal Display (OLED) Stock Is Up After-Hours Today

NEW YORK (TheStreet) -- Universal Display (OLED) was gaining 5% to $26.11 after-hours Thursday after beating analysts' estimates for earnings and revenue in the first quarter.

Universal Display posted earnings of 9 cents a share for the first quarter, while the Capital IQ Consensus Estimate expected the company to break even for the quarter. Revenue grew 152.5% year-over-year to $37.83 million in the quarter. Analysts expected revenue of $31.7 million for the quarter.

Looking to the full-year 2014, the company expects revenue at the high end of its previous guidance of $190 million to $205 million. Analysts expect revenue of $200 million for the year.

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TheStreet Ratings team rates UNIVERSAL DISPLAY CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate UNIVERSAL DISPLAY CORP (OLED) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."

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