Corning (GLW) Beats Q1 Earnings and Revenue Estimates

Corning Incorporated (GLW) reported healthy first-quarter 2024 results, wherein both the top line and bottom line surpassed the respective Zacks Consensus Estimate. However, the company witnessed a revenue decline year over year due to demand softness in the Optical Communications and Life Sciences vertical. Signs of recovery in several end markets, healthy traction in Environmental Technologies, Specialty Materials and Display Technologies partially supported the top line. Pricing and productivity improvem ...