EWING, N.J. (AP) — EWING, N.J. (AP) — Universal Display Corp. (OLED) on Thursday reported fourth-quarter profit of $62 million.

The Ewing, New Jersey-based company said it had profit of $1.29 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.

The organic light-emitting diode technology company posted revenue of $158.3 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $161.2 million.

For the year, the company reported profit of $203 million, or $4.24 per share. Revenue was reported as $576.4 million.

Universal Display expects full-year revenue in the range of $625 million to $675 million.


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