Investing.com - Corning reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.67 on revenue of $3.01B. Analysts polled by Investing.com expected EPS of $0.48 on revenue of $2.99B. That compared to EPS of $0.43 on revenue of $2.61B in the same period a year earlier. The company had reported EPS of $0.38 on revenue of $2.76B in the previous quarter.
Corning shares lost 0.16% to trade at $30.78 in pre-market trade following the report.
For the year, Corning shares are down 4.61%, under-performing the S&P 500 which is up 2.69% year to date.
Corning follows other major Consumer/Non-Cyclical sector earnings this month
On Friday, Procter&Gamble (NYSE:PG) reported first quarter EPS of $1.12 on revenue of $16.69B, compared to forecasts of EPS of $1.1 on revenue of $16.49B.
PepsiCo (NASDAQ:PEP) earnings beat analyst's expectations on Tuesday, October 2, 2018, with third quarter EPS of $1.59 on revenue of $16.49B. Investing.com analysts expected EPS of $1.57 on revenue of $16.37B
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