Investing.com - Corning reported first quarter earnings that matched analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.4 on revenue of $2.85B. Analysts polled by Investing.com expected EPS of $0.4 on revenue of $2.82B. That compared to EPS of $0.31 on revenue of $2.51B in the same period a year earlier. The company had reported EPS of $0.59 on revenue of $3.08B in the previous quarter.
For the year, Corning shares are up 11.65%, under-performing the S&P 500 which is up 18.82% year to date.
Corning follows other major Consumer/Non-Cyclical sector earnings this month
On Tuesday, April 23, 2019, Procter&Gamble reported third quarter EPS of $1.06 on revenue of $16.46B, compared to forecasts of EPS of $1.03 on revenue of $16.36B.
Coca-Cola earnings beat analyst's expectations on Tuesday, April 23, 2019, with first quarter EPS of $0.48 on revenue of $8.02B. Investing.com analysts expected EPS of $0.46 on revenue of $7.88B
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