Corning (GLW) Tops Q1 EPS by 3c

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Go back to Corning (GLW) Tops Q1 EPS by 3c

Corning Reports First-Quarter 2020 Results

April 28, 2020 7:15 AM EDT

CORNING, N.Y. , April 28, 2020 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced results for first-quarter 2020.

GAAP sales were $2.4 billion; core sales were $2.5 billionGAAP EPS was $(0.16); core EPS was $0.20GAAP net loss was $96 million; core net income was $177 millionThe primary difference between GAAP and core results was non-cash charges related to capacity realignment and cash severance payments

Given the economic uncertainty and disruption created by COVID-19, the company is withdrawing its full-year 2020 guidance.... More