Investing.com - Corning (NYSE:GLW) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Corning announced earnings per share of $0.45 on revenue of $3.26B. Analysts polled by Investing.com anticipated EPS of $0.4275 on revenue of $3.13B.
Corning shares are up 27.97% from the beginning of the year, still down 1.60% from its 52 week high of $46.82 set on April 26. They are outperforming the S&P 500 which is up 11.53% 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 April 20, who reported EPS of $1.26 on revenue of $18.11B, compared to forecasts EPS of $1.19 on revenue of $17.96B.
Coca-Cola had beat expectations on April 19 with first quarter EPS of $0.55 on revenue of $9B, compared to forecast for EPS of $0.5039 on revenue of $8.68B.
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