Recap: Corning Q4 Earnings

Shares of Corning GLW moved higher by 0.7% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 13.04% over the past year to $0.52, which beat the estimate of $0.48.

Revenue of $3,328,000,000 rose by 16.73% from the same period last year, which beat the estimate of $3,190,000,000.

Looking Ahead

Corning said it sees Q1 EPS of $0.40-$0.44 and sales of $3 billion-$3.2 billion.

How To Listen To The Conference Call

Date: Jan 27, 2021

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/waiq6w57

Technicals

52-week high: $38.84

Company's 52-week low was at $17.44

Price action over last quarter: Up 18.03%

Company Description

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.