Corning (GLW) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus
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Corning’s First-Quarter Results Reflect Strong Start to 2021
April 27, 2021 7:15 AM EDTCORNING, N.Y., April 27, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced results for the first quarter ended March 31, 2021.
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 year Environmental Technologies grew sales 38% and net income 111%Specialty Materials... More