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Corning Incorporated (GLW): Q3 2019 Earnings Snapshot

By Toby |
Earnings Update by AlphaStreet

— Corning Incorporated (NYSE: GLW) reported third-quarter 2019 earnings of $0.44 per share, vs. $0.39 per share expected.

— Net sales fell 2% to $2.9 billion, vs. $2.88 billion expected.

— Corning expects the full-year price decline to be a low-single digit percentage, compared to the  prior expectation of a low-to-mid single digit percentage decline due to a favorable pricing environment.

— Environmental Technologies sales grew 20% YoY

— GLW shares were up 3.9% immediately following the announcement.

Corning Q3 2019 earnings infographic

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