Corning Q2 2024 Adj EPS $0.47 Beats $0.46 Estimate, Sales $3.60B Beat $3.54B Estimate
Portfolio Pulse from Benzinga Newsdesk
Corning (NYSE:GLW) reported Q2 2024 adjusted EPS of $0.47, beating the estimate of $0.46. Sales were $3.60 billion, surpassing the $3.54 billion estimate and showing a 3.50% increase from the same period last year.
July 30, 2024 | 11:13 am
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POSITIVE IMPACT
Corning's Q2 2024 earnings and sales both beat analyst estimates, with EPS at $0.47 and sales at $3.60 billion. This positive performance is likely to boost investor confidence and support short-term stock price appreciation.
Corning's better-than-expected earnings and sales figures indicate strong performance, which is likely to positively impact the stock price in the short term. The beat on both EPS and sales suggests operational efficiency and market demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100