Corning Reports Third Quarter 2015 Results and Announces Strategic and Capital Allocation Framework Designed to Return More Than $10 Billion to Shareholders Through 2019

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Go back to Corning Reports Third Quarter 2015 Results and Announces Strategic and Capital Allocation Framework Designed to Return More Than $10 Billion to Shareholders Through 2019

Corning (GLW) Weak Fundamentals Offset by a Massive Buyback

October 28, 2015 8:13 AM EDT

Corning (NYSE: GLW) announced quarterly results that reflected an increasingly difficult selling environment. However the company was rescued by its balance sheet as it dramatically increased its capital allocation program. Mehdi Hosseini from Susquehanna published an earnings analysis discussing the pros and cons of Corrning's results.

Revenue of $2.45B was below consensus of $2.52B, due in part to a stronger dollar which had a negative effect of $57 million. EPS... More

Corning (GLW) Misses Q3 EPS by 1c; Updates on Capital Allocation Plan

October 27, 2015 6:52 AM EDT

Corning (NYSE: GLW) reported Q3 EPS of $0.34, $0.01 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $2.45 billion versus the consensus estimate of $2.52 billion.

Overview of Strategic and Capital Allocation Plan... More