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Stock impact report

Corning Posts a Deceptively Strong Quarter [The Motley Fool]

Corning Incorporated (GLW) 
Last corning incorporated earnings: 4/28 07:15 am Check Earnings Report
Company Research Source: The Motley Fool
Its results don't look great at first glance. But this was an ideal start to the year for the glass technology specialist. Corning Incorporated  ( NYSE:GLW )  released solid first-quarter 2018 results on Tuesday morning. The glass technologist met or exceeded expectations in each of its five business segments, and it clarified its growth targets both for the coming year and longer term. With shares down almost 3% in response -- a move likely aided by a broader pullback in tech stocks today -- let's take a closer look at how Corning kicked off 2018. IMAGE SOURCE: CORNING INCORPORATED. Corning's first-quarter headline numbers Corning's core net sales increased 3.8% year over year to $2.513 billion. Based on generally accepted accounting principles ( GAAP ), that technically translated to a net loss of $589 million, or $0.72 per share. But similar to last quarter's GAAP net loss -- which stemmed from a one-time, non-cash adjustment from recent U.S. tax reform -- Show less Read more
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