Corning Q3 Earnings Beat Expectations with 8% Core Sales Growth, Optical Communications Segment Shines

Corning Inc (NYSE:GLW) shares are trading higher after the company reported third-quarter 2024 results.

Core sales growth of 8% year-on-year to $3.73 billion, beating the analyst consensus estimate of $3.72 billion. 

The Apple glass supplier’s core EPS of 54 cents beat the analyst consensus estimate of 52 cents.

Display Technologies’ sales grew by 4% year-over-year to $1.015 billion. 

Optical Communications sales increased by 36% year-over-year to $1.246 billion, record sales in the Enterprise portion of the business (up 55%).

Specialty Materials sales fell 3% year over year to $548 million in the quarter.

Life Sciences sales increased by 6% year-over-year to $244 million

Environmental Technologies sales declined by 15% year-over-year to $382 million.

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