Corning gains, sees quarterly sales, profit above estimates
GLW•Corning expects fourth-quarter adjusted sales of $5.2 billion to $5.3 billion and adjusted EPS of 96 cents to $1, above analyst estimates. Third-quarter sales rose 19% year over year to $5.08 billion, also beating estimates.
1. Outlook and results
Corning expects fourth-quarter adjusted sales to grow about 19% year over year to between $5.2 billion and $5.3 billion, compared with analysts’ average estimate of $5.21 billion. It expects adjusted EPS of 96 cents to $1, above estimates of 94 cents; third-quarter sales rose 19% to $5.08 billion, beating estimates of $5.02 billion.
