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Corning's Q2 Core Earnings, Net Sales Rise; Issues Q3 Earnings Guidance -- Shares Fall Pre-Bell
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Corning's Q2 Core Earnings, Net Sales Rise; Issues Q3 Earnings Guidance -- Shares Fall Pre-Bell
Jul 30, 2024 5:21 AM

07:58 AM EDT, 07/30/2024 (MT Newswires) -- Corning (GLW) reported Q2 core earnings Tuesday of $0.47 per share, up from $0.45 a year earlier.

Analysts polled by Capital IQ expected $0.47.

Net sales for the quarter ended June 30 were $3.25 billion, up from $3.24 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.58 billion

The specialty glass and ceramics company said it expects Q3 core earnings to be in the range of $0.50 to $0.54 per share. Analysts surveyed by Capital IQ expect $0.55.

Corning shares fell 5.7% in recent Tuesday premarket activity

Price: 40.26, Change: -2.42, Percent Change: -5.67

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