Benzinga | Oct 27, 2020 07:43AM EDT

Recap: Corning Q3 Earnings

Shares of Corning (NYSE:GLW) moved higher by 2.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 2.27% year over year to $0.43, which beat the estimate of $0.36.

Revenue of $3,007,000,000 rose by 1.28% from the same period last year, which beat the estimate of $2,930,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $35.83

Company's 52-week low was at $17.44

Price action over last quarter: Up 10.72%

Company Description

Corning is a leading supplier of advanced glass substrates used in LCDs, optical fiber, ceramic substrates, and a variety of other materials science products. Corning operates in five segments: display technologies, optical communications, environmental technologies, specialty materials, and life sciences. Although headquartered in New York, the company's operations and geographic reach span the globe, with most of Corning's revenue generated in Asia-Pacific.