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 $0.54 on revenue of $3.74B. Analysts polled by Investing.com anticipated EPS of $0.4984 on revenue of $3.57B.
Corning shares are down 7.55% from the beginning of the year, still down 26.48% from its 52 week high of $46.82 set on April 26, 2021. They are outperforming the S&P 500 which is down 9.86% from the start of the year.
Corning follows other major Information Technology sector earnings this month
Corning's report follows an earnings beat by Taiwan Semiconductor on April 14, who reported EPS of $1.35 on revenue of $16.94B, compared to forecasts EPS of $1.27 on revenue of $16.73B.
ASML ADR had missed expectations on April 20 with first quarter EPS of $1.88 on revenue of $3.84B, compared to forecast for EPS of $1.94 on revenue of $3.86B.
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