Investing.com - Corning reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Corning announced earnings per share of $0.43 on revenue of $3B. Analysts polled by Investing.com anticipated EPS of $0.36 on revenue of $2.89B.
Corning shares are up 17.66% from the beginning of the year and are trading at $35.04 , down-from-52-week-high.They are outperforming the S&P 500 which is up 5.27% from the start of the year.
Corning shares gained 2.31% in pre-market trade the report.
Corning follows other major Consumer/Non-Cyclical sector earnings this month
Corning's report follows an earnings beat by Procter&Gamble on Tuesday, October 20, 2020, who reported EPS of $1.63 on revenue of $19.32B, compared to forecasts EPS of $1.42 on revenue of $18.38B.
Coca-Cola had beat expectations on Thursday with third quarter EPS of $0.55 on revenue of $8.7B, compared to forecast for EPS of $0.46 on revenue of $8.36B.
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