Corning Expects Q4 Core Sales Of Approximately $3.25B (Est. $3.56B), Adj. EPS Of $0.37-$0.42 (Est. 0.50)
Portfolio Pulse from Benzinga Newsdesk
Corning has announced that it expects Q4 core sales to be approximately $3.25 billion, which is lower than the estimated $3.56 billion. The company also expects its adjusted EPS to be between $0.37 and $0.42, lower than the estimated $0.50.
October 24, 2023 | 11:15 am
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Corning's lower than expected Q4 core sales and adjusted EPS could negatively impact its stock price.
Corning's announcement of lower than expected Q4 core sales and adjusted EPS indicates a potential underperformance in its financial results. This could lead to a negative market reaction, causing a drop in its stock price.
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