Corning Incorporated
- Corning Inc was unchanged at $32.89 after the optical fiber maker reported first quarter sales decreased 7% to $3.14 billion.
The company swung to a net income of $176 million from a loss of $36 million and diluted earnings per share was 20 cents compared to a loss of 4 cents a year ago.
The company forecasted second-quarter sales, earnings per share, and cash flow to increase sequentially, with core sales in the range of $3.4 billion to $3.6 billion and core earnings per share in the range of $0.42 to $0.49.
Apr 26, 2023
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