Corning: Q1 Earnings Insights

Shares of Corning GLW fell 1.5% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 125.00% year over year to $0.45, which beat the estimate of $0.43.

Revenue of $3,263,000,000 rose by 29.02% from the same period last year, which beat the estimate of $3,130,000,000.

Looking Ahead

Q2 EPS expected between $0.49 and $0.53.

Q2 revenue expected between $3,300,000,000 and $3,500,000,000.

Details Of The Call

Date: Apr 27, 2021

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/vwg9vf96

Price Action

Company's 52-week high was at $46.82

Company's 52-week low was at $18.82

Price action over last quarter: Up 24.86%

Company Profile

Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.