Corning reports Q3 core EPS 67c, consensus 66c

Reports Q3 core revenue $4.27B, consensus $4.24B. Wendell Weeks, chairman and chief executive officer, said, “We delivered another excellent quarter. Year over year, core sales grew 14% to $4.27 billion, and core EPS grew 24% to $0.67. Overall, as we approach the second anniversary of Springboard, the plan has been a tremendous success. We have added $4 billion to our annualized sales run rate, and we have significantly improved our profitability – with an expected operating margin of 20% in the fourth quarter, a year ahead of plan.”