2021-01-27 07:23:15 GLW Corning
01/27/21 01/2707:23 01/27/2107:23 | Corning sees Q1 EPS 40c-44c, consensus 39cSees core sales $3B-$3.2B, consensus $2.93B. CFO Tony Tripeny said, "In 2020, we successfully navigated a very challenging year. We strengthened our balance sheet, achieved growth in the second half, and generated free cash flow of $948M for the year. We expect year-over-year growth to accelerate in the first quarter of 2021. We expect core sales of $3B to $3.2B - compared with $2.5B in the first quarter last year - and EPS of 40c to 44c, which is double last year's first-quarter EPS at the low end of the range. We will continue to focus on operational excellence, cash-flow generation, and prudent capital allocation." |
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