Investing.com - Corning (NYSE:GLW) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Corning announced earnings per share of $0.54 on revenue of $3.68B. Analysts polled by Investing.com anticipated EPS of $0.5192 on revenue of $3.59B.
Corning shares are down 5.18% from the beginning of the year, still down 24.60% from its 52 week high of $46.82 set on April 26, 2021. They are outperforming the S&P 500 which is down 8.6% from the start of the year.
Corning follows other major Information Technology sector earnings this month
Corning's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.48 on revenue of $51.73B, compared to forecasts EPS of $2.31 on revenue of $50.65B.
Taiwan Semiconductor had beat expectations on January 13 with fourth quarter EPS of $1.16 on revenue of $15.85B, compared to forecast for EPS of $1.12 on revenue of $15.69B.
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