Corning Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Corning Inc. (GLW) revealed a profit for its third quarter that climbed from last year.

The company's bottom line totaled $427 million, or $0.48 per share. This compares with $337 million, or $0.38 per share, in last year's third quarter.

Excluding items, Corning Inc. reported adjusted earnings of $380 million or $0.43 per share for the period.

Analysts had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.4% to $3.00 billion from $2.93 billion last year.

Corning Inc. earnings at a glance:

-Earnings (Q3): $380 Mln. vs. $397 Mln. last year. -EPS (Q3): $0.43 vs. $0.44 last year. -Analysts Estimate: $0.36 -Revenue (Q3): $3.00 Bln vs. $2.93 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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