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New York-based Corning Incorporated (GLW) engages in numerous businesses including display technologies, optical communications, environmental technologies, specialty materials, and life sciences. With a market cap of $40.9 billion, Corning’s operations span the Americas, Asia, Europe, and Africa while employing nearly 52,000 people worldwide.
Corning is gearing up to announce its fourth-quarter earnings before the market opens on Wednesday, Jan. 29. Ahead of the event analysts expect Corning to report a non-GAAP profit of $0.56 per share, up a staggering 43.6% from $0.39 per share reported in the year-ago quarter. The company’s earnings surprise history is mixed. It surpassed analysts’ bottom-line estimates thrice over the past four quarters while missing on one other occasion. Its adjusted EPS for the last reported quarter surged 20% year-over-year to $0.54, exceeding the consensus estimates by 3.9%.
