Corning Q2 Adj $0.45 Misses $0.46 Estimate, Sales $3.48B Inline
Portfolio Pulse from Benzinga Newsdesk
Corning (NYSE:GLW) reported Q2 earnings of $0.45 per share, missing the analyst consensus estimate of $0.46 by 2.17 percent. This is a 21.05 percent decrease from the same period last year. The company's quarterly sales of $3.48 billion met the analyst consensus estimate, marking a 7.44 percent decrease from last year.
July 25, 2023 | 11:11 am
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NEGATIVE IMPACT
Corning's Q2 earnings per share missed estimates by 2.17%, and sales met estimates but were down 7.44% YoY.
Corning's earnings miss and decrease in sales YoY could negatively impact investor sentiment, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100