Corning Inc
GLW: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| x<> | LOCK|!hT%Y | LOCK|w$n#h%> |
Corning Earnings: Optical Growth Strong, but Lack of a Beat Brings Some Rationalization to Shares
Corning reported good first-quarter results at the top end of its guidance ranges, highlighted by optical fiber growth. Core sales rose 18% year over year to $4.3 billion. Guidance calls for continued growth, with $4.6 billion in core sales implying 14% year-over-year growth (6% sequentially).
