Corning Inc reports results for the quarter ended December 31 - Earnings Summary

• Corning Inc GLW.N reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 55 cents to 57 cents per share.

• Revenue rose 18.4% to $3.87 billion from a year ago; analysts expected $3.76 billion.

• Corning Inc's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $310 million.

• Corning Inc shares had risen by 7.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Corning Inc is $54.00

This summary was machine generated from LSEG data January 29 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)