03:58 AM EDT, 05/03/2024 (MT Newswires) -- Universal Display ( OLED ) reported Q1 net income late Thursday of $1.19 per diluted share, up from $0.83 a year earlier.

Analysts polled by Capital IQ expected $1.02.

Revenue for the quarter ended March 31 was $165.3 million, up from $130.5 million a year earlier. Analysts surveyed by Capital IQ expected $150.4 million.

For full-year 2024, the company now expects revenue to be in a range of $635 million to $675 million, compared with its previous guidance of $625 million to $675 million. Analysts polled by Capital IQ expect $655.8 million.

The company maintained its quarterly dividend at $0.40 per share, payable June 28 to shareholders of record on June 14.

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