Corning (GLW) Tops Q4 EPS by 6c

Corning (NYSE: GLW) reported Q4 EPS of $0.50, $0.06 better than the analyst estimate of $0.44. Revenue for the quarter came in at $2.55 billion versus the consensus estimate of $2.5 billion.

For full-year 2017, Corning expects the rate of growth in both retail market and glass demand to be in the mid-single digit percentages. In the first quarter of 2017, the company expects Corning's volume to increase by mid-teen percentage year over year, and decline by mid-single digit percentage sequentially. The company expects an overall favorable LCD glass price environment for the full year, with price declines more moderate than in 2016.

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

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