Corning Shares Drop On Missing Q2 Sales Consensus, Mixed Segment Results
Corning Inc (NYSE:GLW) reported second-quarter FY22 core sales growth of 7% year-on-year to $3.76 billion, slightly missing the consensus of $3.78…
Corning: Q2 Earnings Insights
Corning (NYSE:GLW) reported its Q2 earnings results on Tuesday, July 26, 2022 at 07:10 AM.
Here's what investors need to know about the announcement.
Earnings
Corning reported in-line EPS of $0.57 versus an estimate of $0.57.
Corning Q2 Core EPS $0.57, Inline, Core Sales $3.76B Miss $3.78B Estimate
Corning (NYSE:GLW) reported quarterly earnings of $0.57 per share which met the analyst consensus estimate. This is a 7.55 percent increase over earnings of $0.53 per share from the same period last year. The company
Analyzing Corning’s Short Interest
Corning's (NYSE:GLW) short percent of float has risen 16.08% since its last report. The company recently reported that it has 18.15 million shares sold short, which is 2.31% of all regular shares that are available for trading.
Here’s How Much You Would Have Made Owning Corning Stock In The Last 20 Years
Corning (NYSE:GLW) has outperformed the market over the past 20 years by 4.15% on an annualized basis producing an average annual return of 12.12%. Currently, Corning has a market capitalization of $27.30 billion.