Corning (GLW) Tops Q4 EPS by 4c, Offers Guidance
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Corning Reports Full-Year 2020 Results Highlighted by Strong Fourth Quarter with Growth in All Segments
January 27, 2021 7:19 AM ESTCORNING, N.Y., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced results for the fourth quarter and full year ended Dec. 31, 2020.
Fourth-quarter financial performance:
GAAP sales of $3.4 billion and GAAP EPS of $0.28Core sales of $3.3 billion, up 11% sequentially and 17% year over yearCore EPS of $0.52, up 21% sequentially and 13% year over yearFree cash flow of $464 million and $948 million cumulatively for the yearStrong execution across the companys focused portfolio drove sales and net income growth in all segments: Sequentially, core sales grew 11% and operating margin grew... More