Universal display posted disappointing financial results for Q3 2014. Revenues were $32.9 million ( unchanged from Q3 2013 ) and net income was $4.3 million. UDC lowered their guidance for 2014 ($183-185 million, down from $190-205 million). The lower sales were attributed to Samsung’s soft mobile phone sales and lower green host sales. UDC reports that Samsung adopted a different green host supplier in some of their panels. The company is working on new high-performance low-cost host materials, but they always said that this is a competitive market. Read more about Universal Display reports disappointing financial results for Q3 2014

Read the rest here:
Universal Display reports disappointing financial results for Q3 2014