Corning’s First-Quarter Results Reflect Strong Start to 2021
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Corning (GLW) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus
April 27, 2021 7:17 AM EDTCorning (NYSE: GLW) reported Q1 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.13 billion.
Corning reported a strong first quarter:
GAAP and core sales were $3.3 billion, year-over-year increases of 38% and 29%, respectivelyGAAP EPS was $0.67, reflecting strong performance and a non-cash, mark-to-market gain associated with the companys currency-hedging contractsCore EPS grew 125% year over year to $0.45All segments grew sales and net income by double-digit percentages year over yearEnvironmental Technologies grew sales 38% and net income 111%Specialty... More