Corning reports Q1 core EPS 54c, consensus 51c

Reports Q1 revenue $3.45B, consensus $3.63B. Wendell Weeks, chairman and chief executive officer, said, “Today, we announced strong first-quarter results that exceeded guidance. Core sales grew 13% year over year and core EPS grew three times faster. In Optical Communications, sales in our Enterprise business were up 106% year over year on continued strong demand for our new products for Gen AI.”