Investing.com - Corning (NYSE:GLW) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Corning announced earnings per share of $0.56 on revenue of $3.64B. Analysts polled by Investing.com anticipated EPS of $0.5769 on revenue of $3.63B.
Corning shares are up 7.25% from the beginning of the year, still down 17.54% from its 52 week high of $46.82 set on April 26. They are under-performing the S&P 500 which is up 21.58% 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 October 19, who reported EPS of $1.61 on revenue of $20.34B, compared to forecasts EPS of $1.59 on revenue of $19.83B.
PepsiCo had beat expectations on October 5 with third quarter EPS of $1.79 on revenue of $20.19B, compared to forecast for EPS of $1.73 on revenue of $19.39B.
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