From Financial Modeling Prep: 2025-01-29 10:58:00

Corning Incorporated (NYSE:GLW) exceeded fourth-quarter earnings expectations with adjusted EPS of $0.57, beating estimates by a penny. Revenue fell short at $3.5 billion, missing the projected $3.75 billion. Despite this, core sales hit a record $3.9 billion, up 18% year-over-year, with an improved operating margin of 18.5%.

Corning anticipates a strong start to 2024, forecasting a 10% increase in core sales to $3.6 billion in Q1. Core EPS is expected to rise by 30% to $0.48-$0.52. For full-year 2024, the company reported $13.1 billion in revenue, a 32.6% gross margin, and $0.58 in EPS, generating $1.9 billion in operating cash flow.



Read more at Financial Modeling Prep:: Corning Exceeds Q4 Profit Expectations, Projects S…