Investing.com - Corning reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.44 on revenue of $2.97B. Analysts polled by Investing.com anticipated EPS of $0.4 on revenue of $2.88B. That compared to EPS of $0.51 on revenue of $3.05B in the same period a year earlier. The company had reported EPS of $0.45 on revenue of $2.99B in the previous quarter.
For the year, Corning shares are up 1.32%, under-performing the S&P 500 which is up 22.71% year to date.
Corning follows other major Consumer/Non-Cyclical sector earnings this month
On Tuesday, October 22, 2019, Procter&Gamble reported first quarter EPS of $1.37 on revenue of $17.8B, compared to forecasts of EPS of $1.24 on revenue of $17.45B.
Coca-Cola earnings matched analyst's expectations on Friday, October 18, 2019, with third quarter EPS of $0.56 on revenue of $9.5B. Investing.com analysts expected EPS of $0.56 on revenue of $9.43B
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