Investing.com - Corning reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Corning announced earnings per share of $0.51 on revenue of $3.70. Analysts polled by Investing.com anticipated EPS of $0.52 on revenue of $3.69B.
Corning shares are down 13.16% from the beginning of the year and are trading at $32.33 , down-from-52-week-high.
Corning follows other major Information Technology sector earnings this month
Corning's report follows an earnings beat by Taiwan Semiconductor on Thursday, October 13, 2022, who reported EPS of $1.79 on revenue of $20.23B, compared to forecasts EPS of $1.65 on revenue of $19.44B.
ASML ADR had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $4.29 on revenue of $5.78B, compared to forecast for EPS of $3.96 on revenue of $5.68B.
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