Benzinga | Aug 6, 2020 04:10PM EDT

Universal Display Q2 EPS $0.02 Misses $0.30 Estimate, Sales $57.97M Miss $74.20M Estimate

Universal Display (NASDAQ:OLED) reported quarterly earnings of $0.02 per share which missed the analyst consensus estimate of $0.30 by 93.33 percent. This is a 97.83 percent decrease over earnings of $0.92 per share from the same period last year. The company reported quarterly sales of $57.97 million which missed the analyst consensus estimate of $74.20 million by 21.87 percent. This is a 50.94 percent decrease over sales of $118.17 million the same period last year.