Corning Posts Q3 Profit of $680 Million, Tops Wall Street Estimates on Revenue and Earnings

Corning Inc. (GLW) on Tuesday reported third-quarter earnings of $680 million, or 78 cents per share, beating analyst expectations. Adjusted for non-recurring costs, the Corning, New York-based specialty glass maker earned 91 cents per share, surpassing the 89-cent average estimate of five analysts surveyed by Zacks Investment Research. Revenue for the period totaled $4.86 billion, with adjusted revenue of $5.08 billion also topping Street forecasts of $5.03 billion from three analysts surveyed by Zacks.