Corning
GLW
Corning reported revenue of $3.2 billion, reflecting a 9% decline from the prior year period. Core sales stood at $3.5 billion, marginally short of the street expectations. Its adjusted earnings of $0.45 per share were also lower than the consensus estimate of $0.47 figure. In this note, we discuss Corning’s stock performance, key takeaways from its recent results, and valuation.
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