Corning Expects Q2 Core Sales Of $3.6B (Prior $3.4B) Vs $3.41B Est, Adj EPS At The High End Of Or Slightly Above Management's Guided $0.42-$0.46 Vs $0.45 Est
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Corning Incorporated (NYSE: GLW) has updated its Q2 2024 expectations, now anticipating core sales of $3.6 billion, up from the previous guidance of $3.4 billion, and adjusted EPS at the high end of or slightly above the guided range of $0.42 to $0.46.
July 08, 2024 | 11:16 am
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Corning Incorporated has raised its Q2 2024 core sales expectations to $3.6 billion and anticipates adjusted EPS at the high end of or slightly above the guided range of $0.42 to $0.46.
The increase in expected core sales and EPS guidance above the previously provided range is a positive indicator for Corning's financial performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100