Investing.com - Corning (NYSE:GLW) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Corning announced earnings per share of $0.25 on revenue of $2.59B. Analysts polled by Investing.com anticipated EPS of $0.12 on revenue of $2.38B.
Corning shares are up 5.22% from the beginning of the year , still down 10.57% from its 52 week high of $34.25 set on July 29, 2019. They are outperforming the S&P 500 which is up 0.27% 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 Coca-Cola on July 21, who reported EPS of $0.42 on revenue of $7.2B, compared to forecasts EPS of $0.4 on revenue of $7.21B.
PepsiCo had beat expectations on July 13 with second quarter EPS of $1.32 on revenue of $15.95B, compared to forecast for EPS of $1.25 on revenue of $15.37B.
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