Universal Display Q3 Earnings Beat on Higher Licensing Revenues

Universal Display Corporation (OLED) reported relatively modest third-quarter 2024 results, with the bottom line surpassing the Zacks Consensus Estimate but the top line missing the same. However, the company reported a year-over-year top-line expansion, backed by solid licensing revenues.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Growing OLED proliferation in the IT market is driving growth. Management is undertaking several measures to improve its operational and strategic in ...