Corning, Inc.

NYSE:GLW  
46.00
+0.33 (+0.72%)
Other Pre-Announcement

Corning Q1 GAAP Earnings Per Share $0.67

Published: 04/27/2021 11:42 GMT
Corning, Inc. (GLW) - Sees Q2 Core Earnings per Share $0.49 to $0.53.
Q1 Core Earnings per Share $0.45.
Q1 GAAP Earnings per Share $0.67.
Sees Q2 Core Sales $3.3 Billion to $3.5 Billion.
Display Technologies, First-quarter Sales Were $863 Million, Up 3% Sequentially and 15% Year Over Year.
Qtrly GAAP Net Sales $3,290 Million Versus $2,391 Million.
Optical Communications, First-quarter Sales Were $937 Million, Up 18% Year Over Year.
Qtrly Core Sales $3,263 Million Versus $2,529 Million.
Anticipates Strong Demand and Positive Momentum Across Its Businesses to Continue Throughout 2021.
Q1 Earnings per Share View $0.43, Revenue View $3.13 Billion -- Refinitiv Ibes Data (analyst estimates).
Q2 Earnings per Share View $0.48, Revenue View $3.24 Billion -- Refinitiv Ibes Data (analyst estimates).
Corning - Continuing to Innovate to Reduce Cost and Speed Deployment of 5g, Hyperscale Data Centers, and Fiber-to-home.
Expects Freight & Logistics Costs Will Normalize Longer Term and Will Begin to Decline in Q2 As Co Takes Mitigating Actions.