(Updated - April 26, 2022 7:16 AM EDT)

Corning (NYSE: GLW) reported Q1 EPS of $0.54, $0.04 better than the analyst estimate of $0.50. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.57 billion.

The company offered the following additional guidance:

For the second quarter, Corning expects $3.7 billion to $3.9 billion in core sales with core EPS of $0.54 to $0.59.

For the full year, management raised its expectations for sales to exceed $15 billion, with sales growing at a high-single digit percentage and EPS growing up to a few percentage points faster than sales.

For earnings history and earnings-related data on Corning (GLW) click here.

Earnings Guidance

Corning’s Strong First-Quarter Sales and Improved Profitability Highlight Outstanding Start to 2022April 26, 2022 7:10 AM