Though it beat Q4 estimates, the 2012 guidance Universal Display (PANL -8.6%) provided during...

|About: Universal Display Corporation (OLED)|By:, SA News Editor

Though it beat Q4 estimates, the 2012 guidance Universal Display (PANL -8.6%) provided during its earnings call is sending shares lower. The company said it expects 2012 revenue of $90M-$110M, below a $110.8M consensus, while warning of lumpiness to quarterly results. Needham (Hold) thinks it could take a while for the Street to properly gauge Universal's 2012 profitability, but believes downside is limited.