How Universal Display Corp. Stock Rose 25.2% in November

How Universal Display Corp. Stock Rose 25.2% in November

Shares of Universal Display (NASDAQ: OLED) gained 25.2% in November 2017, according to data from S&P Global Market Intelligence. The surge started off with an earnings surprise and simply never lost momentum.

The researcher of organic light-emitting diode technologies crushed Wall Street's expectations in last month's third-quarter report. Top-line sales more than doubled year over year to $61.7 million while adjusted earnings rose from $0.03 to $0.28 per share. Analysts had been expecting earnings closer to $0.12 per share on sales in the neighborhood of $47 million. OLED shares jumped more than 10% higher the next day.

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Source: Fool.com