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0 0.00361990950226237 -0.00452488687782812 -0.00497737556561083 -0.00497737556561083 -0.00859728506787336 -0.00497737556561083 0.0135746606334842
Stock impact report

Corning Reports First-Quarter 2020 Results

Corning Incorporated (GLW) 
Last corning incorporated earnings: 4/28 07:15 am Check Earnings Report
Company Research Source: GlobeNewswire
CORNING, N.Y. , April 28, 2020 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced results for first-quarter 2020. GAAP sales were $2.4 billion; core sales were $2.5 billionGAAP EPS was $(0.16); core EPS was $0.20GAAP net loss was $96 million; core net income was $177 millionThe primary difference between GAAP and core results was non-cash charges related to capacity realignment and cash severance payments Given the economic uncertainty and disruption created by COVID-19, the company is withdrawing its full-year 2020 guidance. In response to the pandemic, the company has been and will continue focusing actions on three core priorities: preserving the financial strength of the company, protecting employees and communities, and delivering on customer commitments. Wendell P. Weeks, chairman and chief executive officer, said: “We’re keeping our company strong throughout this difficult period. Guided by our Values, Corning is acting compassionately and systemati Show less Read more
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