Corning (GLW) Q4 Earnings Miss Estimates on Lower Revenues
Corning(GLW) Zacks Investment Research·2024-01-31 02:21
Corning Incorporated (GLW) reported mixed fourth-quarter 2023 results, wherein the top line surpassed the Zacks Consensus Estimate, but the bottom line missed the same. The company witnessed a top-line contraction year over year due to sluggish demand trends in several verticals, including Optical Communications and Specialty Materials. Strong momentum in the Environmental Technologies partially cushioned the top line. The strategy of price hikes to offset inflation and various productivity improvement acti ...