UPDATE: Corning (GLW) Tops Q1 EPS by 4c; Offers Q2 and FY22 Guidance

Corning (NYSE: GLW) reported Q1 EPS of $0.54, $0.04 better than the analyst estimate of $0.50. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.57 billion.

The company offered the following additional guidance:

For the second quarter, Corning expects $3.7 billion to $3.9 billion in core sales with core EPS of $0.54 to $0.59.

For the full year, management raised its expectations for sales to exceed $15 billion, with sales growing at a high-single digit percentage and EPS growing up to a few percentage points faster than sales.

For earnings history and earnings-related data on Corning (GLW) click here.

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