Corning (GLW) Misses Q2 EPS by 1c, Offers Guidance

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Go back to Corning (GLW) Misses Q2 EPS by 1c, Offers Guidance

Corning Reports Second-Quarter 2023 Financial Results with Notable Progress on Profitability and Cash Flow

July 25, 2023 7:10 AM EDT

Sales increased sequentially and decreased year over year, in line with management expectations for the current weak end-market environment; Sequential margin expansion and $310 million of free cash flow reflect progress on pricing and productivity actions, with continued improvement expected in the second half; In the third quarter, management expects core sales of approximately $3.5 billion and core EPS to be about the same or slightly better than in the second quarter

Corning, N.Y., July 25, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today... More