Corning (GLW) Misses Q3 EPS by 1c, Guidance Misses Consensus
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Corning Reports Third-Quarter 2023 Financial Results with Continued Improvement in Profitability and Cash Flow
October 24, 2023 7:10 AM EDTGross margin percentage expanded sequentially on consistent sales and year over year on lower sales; Operating and free cash flow both grew sequentially and year over year; Profitability and free cash flow sequential increases were driven by pricing actions, primarily in Display Technologies, and companywide productivity gains; For the fourth quarter, management expects similar core gross margin and another quarter of strong free cash flow despite sequentially lower core sales of $3.25 billion
CORNING, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:... More
