Corning Announces Second-Quarter 2016 Financial Performance

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Corning (GLW) Tops Q2 EPS by 5c; $2B Accelerated Stock Repurchase

July 27, 2016 7:14 AM EDT

Corning (NYSE: GLW) reported Q2 EPS of $0.37, $0.05 better than the analyst estimate of $0.32. Revenue for the quarter came in at $2.36 billion versus the consensus estimate of $2.38 billion.

Company announces $2 billion accelerated share repurchase.

"The sequential improvement surpassed our expectations and reflects... More