Corning Posts Higher Q2 Profit - Quick Facts

(RTTNews) - Gorilla Glass maker Corning Inc. (GLW) said its second-quarter net profit attributable to the company rose to $638 million, or $0.43 per share, from $474 million, or $0.31 per share, a year earlier. Core earnings were $469 million, or $0.32 per share for the recent three-month period. On average, 17 analysts polled by Thomson Reuters expected earnings per share of $0.31 for the quarter. Analysts' estimates typically exclude one-time items.

On a GAAP basis, quarterly net sales reached $1.98 billion, compared with $1.91 billion in the prior-year period. Analysts estimated revenues of $1.98 billion.

In the third quarter, Corning expects to achieve its fourth consecutive quarter of year-on-year earnings growth.