Corning Inc. Announces 4% Rise In Q3 Profit

(RTTNews) - Corning Inc. (GLW) revealed a profit for its third quarter that rose compared to the same period last year.

The company said its bottom line climbed to $466 million, or $0.42 per share. This was higher than $447 million, or $0.34 per share, in last year's third quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.1% to $2.55 billion. This was up from $2.45 billion last year.

Corning Inc. earnings at a glance:

-Earnings (Q3): $466 Mln. vs. $447 Mln. last year. -Earnings Growth (Y-o-Y): 4.3% -EPS (Q3): $0.42 vs. $0.34 last year. -EPS Growth (Y-o-Y): 23.5% -Analysts Estimate: $0.38 -Revenue (Q3): $2.55 Bln vs. $2.45 Bln last year. -Revenue Change (Y-o-Y): 4.1%