Corning Beats Projections, Reports Strong Third-Quarter Results - IDEX Health & ScienceIDEX Health & Science

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    Corning Beats Projections, Reports Strong Third-Quarter Results

    Article obtained from Photonics RSS Feed.

    Specialty glass maker Corning Inc. reported third-quarter GAAP net sales of just over $3 billion, beating 2019’s third-quarter mark of $2.93 million by 2%. GAAP earnings per share (EPS) totaled $0.48, compared to $0.38 for the third quarter of 2019. The company reported core EPS of $0.43 — up 72% from the previous quarter.

    Net income for the quarter was $427 million (unaudited), compared to $337 million for third-quarter 2019.

    Core sales, comparable to the GAAP total, represented a sequential increase of 16%. The company’s Environmental Technologies, Specialty Materials, and Life Sciences segments each reported improved net sales, both quarter to quarter and year over year. Environmental Technologies and…

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    Oct, 27 2020 |

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