- Corning press release ( NYSE: GLW ): Q4 Non-GAAP EPS of $0.47 beats by $0.03 .
- Revenue of $3.63B (-2.2% Y/Y) beats by $90M .
- Fourth-quarter GAAP EPS was $(0.04), and core EPS was $0.47. The primary differences between GAAP and core EPS stemmed from restructuring charges taken in the fourth quarter and from non-cash, mark-to-market adjustments associated with the company’s currency-hedging contracts and Japanese-yen-denominated debt.
- For the first quarter, management expects core sales in the range of $3.2 billion to $3.4 billion vs. $3.57B consensus and core EPS in the range of $0.35 to $0.42 vs $0.46 consensus
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Corning Non-GAAP EPS of $0.47 beats by $0.03, revenue of $3.63B beats by $90M