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Corning (NYSE:GLW) Announces Earnings Results, Beats Expectations By $0.02 EPS
['Mitch Edgeman']
Markets Daily
The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02, FiscalAI reports.
Sales rose 17% year over year to $4.74 billion, core EPS increased 30% to $0.78, and operating margin expanded 190 basis points to 20.9%.
Corning Q2 resultsCorning exceeded second-quarter expectations, reporting revenue of $4.74 billion versus the $4.63 billion consensus and EPS of $0.78 versus $0.76.
Also, SVP Jaymin Amin sold 27,395 shares of Corning stock in a transaction on Friday, May 22nd.
Insiders sold 160,655 shares of company stock valued at $30,692,560 in the last three months.