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Jun 30, 2022
Corning Q2 2022 Earnings Report
Corning reported strong second-quarter results highlighted by continued growth and improved profitability.
Key Takeaways
Corning's Q2 2022 results showed sales of $3.8 billion and EPS of $0.57. The company's pricing actions and operational focus drove margin improvement. Management expects full-year core sales to slightly exceed $15 billion, growing 6% to 8%, with EPS growing in line with sales.
Core sales grew 7% year over year to $3.8 billion and core EPS increased 8% year over year to $0.57.
Optical Communications sales grew 22% year over year.
Second-quarter free cash flow was $440 million, keeping the company on pace for another year of strong cash generation.
Management now expects full-year core sales to slightly exceed $15 billion, growing 6% to 8%.
Revenue by Segment
Forward Guidance
Management now expects full-year core sales to slightly exceed $15 billion, growing 6% to 8%, with EPS growing in line with sales
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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