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Operator
Good day, ladies and gentlemen, and welcome to Universal Display s First quarter 2021 Earnings Conference Call. My name is Sherry, and I will be your conference moderator for today s call. [Operator Instructions] I would now like to turn the call over to Darice Liu, Director of Investor Relations. Please proceed.
Darice Liu
Director of Investor Relations and Corporate Communications
Thank you, and good afternoon, everyone. Welcome to Universal Display s first quarter earnings conference call. Joining me on the call today are Steve Abramson, President and Chief Executive Officer; Sid Rosenblatt, Executive Vice President and Chief Financial Officer. Before Steve begins, let me remind you today s call is a property of Universal Display. Any redistribution, retransmission or rebroadcast of any portion of this call in any form without the express written consent of Universal Display is strictly prohibited.
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Display and lighting technology developer
Universal Display (NASDAQ:OLED) just delivered the kind of earnings surprise that usually sends share prices to the moon. Sales rose 19% year over year to $134 million, leaving Wall Street s $120 million consensus projection far behind. Earnings jumped 35%, landing at $1.08 per diluted share. Here, your average analyst would have settled for $0.79 per share. Universal Display s management held its full-year revenue guidance steady at roughly $565 million, which left many inve
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