Earnings To Watch: Corning (GLW) Reports Q2 Results Tomorrow - The Chronicle-Journal
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Glass and electronic component manufacturer Corning ( NYSE: GLW ) will be reporting results this Tuesday morning. Here's what to expect. Corning beat analysts' revenue expectations last quarter, reporting revenues of $4.35 billion, up 18.1% year on year. It was a mixed quarter for the company, with EPS in line with analysts' estimates but revenue guidance for next quarter missing analysts' expectations. Is Corning a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Corning's revenue to grow 14.9% year on year, improving from the 12.2% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Corning has a history of exceeding Wall Street's expectations. Looking at Corning's peers in the electrical equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Allegion delivered year-on-year revenue growth of 12.7%, beating analysts' expectations by 3.1%, and Teledyne reported revenues up 9.8%, topping estimates by 5.3%. Allegion traded up 9.6% following the results while Teledyne's stock price was unchanged. Read our full analysis of Allegion's results here and Teledyne's...
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