The following are the earnings highlights for Corning Inc. (GLW):
In Q4, Corning Inc. reported a loss of $40 million, compared to a loss of $36 million in the same period the previous year. The Earnings per Share (EPS) was -$0.05 in Q4, which was a slight decrease from the -$0.04 reported in the same period the previous year. However, when excluding certain items, Corning Inc. reported adjusted earnings of $339 million or $0.39 per share for the period. These numbers align with the analysts' projection of $0.39 per share. The reported revenue was $2.99 billion in Q4, a decrease from $3.41 billion in the same period last year.
As for the guidance for the next quarter, the company forecasts an EPS ranged between $0.32 to $0.38 and a revenue guidance approximated at $3.1 billion.
