Universal Display Deepens Loss in Q1

Universal Display results for the company's Q1 have been released. For the quarter, revenue was nearly $15 million, up from the $12.6 million in the same period the previous year. Net loss, however, deepened substantially to almost $4.8 million ($0.10 per diluted share), from Q1 2012's shortfall of $1.2 million ($0.03).

The company beat analyst expectations of $14.5 million in revenue, and met their average per-share loss projection of $0.10.

Universal Display also provided selected forward guidance. For the entirety of fiscal 2013, it believes revenue will come in at $110 million-$125 million. In offering this estimate, however, it cautioned that "the OLED industry is still at a stage where many variables can have a material effect on growth."

The article Universal Display Deepens Loss in Q1 originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Universal Display. The Motley Fool recommends Universal Display . The Motley Fool owns shares of Universal Display. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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