Investing.com - Corning reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Corning announced earnings per share of $0.52 on revenue of $3.33B. Analysts polled by Investing.com anticipated EPS of $0.4776 on revenue of $3.18B.
Corning shares are up 3.25% from the beginning of the year and are trading at $37.17 , down-from-52-week-high.They are outperforming the S&P 500 which is up 2.49% from the start of the year.
Corning follows other major Consumer/Non-Cyclical sector earnings this month
Corning's report follows an earnings beat by Procter&Gamble on January 20, who reported EPS of $1.64 on revenue of $19.75B, compared to forecasts EPS of $1.51 on revenue of $19.27B.
Kimberly-Clark had beat expectations on Monday with fourth quarter EPS of $1.69 on revenue of $4.84B, compared to forecast for EPS of $1.62 on revenue of $4.73B.
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