Corning Q1 2024 Adj EPS $0.38 Beats $0.35 Estimate, Sales $3.258B Beat $3.116B Estimate
Portfolio Pulse from Benzinga Newsdesk
Corning (NYSE:GLW) reported Q1 2024 earnings of $0.38 per share, surpassing the consensus estimate of $0.35. Sales reached $3.258B, also beating estimates of $3.116B but marking a 3.24% decrease from the previous year.

April 30, 2024 | 11:11 am
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Corning reported higher-than-expected Q1 2024 earnings and sales, with a slight decrease in sales compared to last year.
Corning's earnings and sales beat are likely to positively impact investor sentiment in the short term, despite the year-over-year sales decrease. The better-than-expected financial performance indicates operational efficiency and could lead to upward price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100