Corning Incorporated (NYSE:GLW) is reporting third quarter financial results on Tuesday 27th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, GLW is expected to report 3Q20 income of $ 0.36 per share from revenue of $ 2926.48 million.
For the full year, analysts anticipate top line of $ 11078.30 million, while looking forward to income of $ 1.26 per share bottom line.
Previous Quarter Performance
Corning Incorporated unfold income for the second quarter of $ 0.25 per share, from the revenue of $ 2,588.00 million. The quarterly earnings fell 44.44 percent while revenues declined 13.33 percent compared with the same quarter last year.
Wall street analysts are predicting, GLW to report 2Q20 income of $ 0.12 per share from revenue of $ 2365.02 million. The bottom line results beat street analysts by $ 0.13 or 108.33 percent, at the same time, top line results outshined analysts by $ 222.98 million or 9.43 percent.
Stock Performance
Shares of Corning Incorporated traded up $ 0.09 or 0.25 percent on Friday, reaching $ 35.56 with volume of 2.69 million shares. Corning Incorporated has traded high as $ 35.65 and has cracked $ 35.28 on the downward trend
According to the previous trading day, closing price of $ 35.56, representing a 103.38 % increase from the 52 week low of $ 17.44 and a 1 % decrease over the 52 week high of $ 35.83.
The company has a market capital of $ 27.09 billion and is part of the Technology sector and Electronic Components industry.
Conference Call
Corning Incorporated will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.corning.com
Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The companys Display Technologies segment manufactures glass substrates for organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. Its Optical Communications segment manufactures optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for various carrier network applications.
