Universal Display (PANL -12.1%) is now tumbling in the wake of its Q1 report and guidance reiteration. Investors may have wanted a guidance hike in light of strong early demand for Samsung's (SSNLF.PK) Galaxy S4. Also: materials cost rose by $2M Q/Q, something partly attributed on the earnings call to a mix shift (to green emitters?) and higher materials cost, and (in response to a question about slumping red emitter sales) PANL admitted customers are using materials more efficiently. On the bright side, management noted reports indicate Samsung's Galaxy Note III and an LG phone will feature flexible OLEDs; both are expected in Q4. (Lumia 928)
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