Universal Display announced its financial results for Q1 2017. The company reported an excellent quarter, with revenues of $55.6 million (up 87% from Q1 2016) and net income of $10.4 million (up from $1.9 million in Q1 2016). Material sales were $46.6 million, up 92% over Q1 2016. Universal Display believes that the OLED industry is poised to grow faster than earlier expectations in 2017, and the company raised its 2017 guidance to at least $260 million to $280 million – reflecting a year over year growth of 30% to 40%. Read more about Universal Display reports an excellent Q1 2017, raises guidance for 2017

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Universal Display reports an excellent Q1 2017, raises guidance for 2017