Corning (GLW) Tops Q1 EPS by 1c

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Go back to Corning (GLW) Tops Q1 EPS by 1c

Corning Reports First-Quarter 2018 Financial Results and Continued Progress on Strategy and Capital Allocation Framework

April 24, 2018 7:16 AM EDT

Company reaffirms outlook for strong 2018

CORNING, N.Y. - Corning Incorporated (NYSE: GLW) today announced results for its first-quarter 2018 ended March 31, 2018.

News Summary:

     ·         First-quarter results provide a solid start to an expected strong 2018

                 -        GAAP and core sales of $2.5 billion, up 5% and 4% respectively year over year

                 -        GAAP loss per share of $0.72 reflected a non-cash, mark-to-market loss associated with the company's currency-hedging contracts

                 -        Core EPS of $0.31

     ·         Expectations for a strong 2018 unchanged; on track to reach approximately $11 billion in full-year... More