Sees Q1 revenue $3.2B-$3.4B, consensus $3.58B. Management expects sales to decline more than seasonally due to pandemic-related disruptions in China. Management took actions to increase price and improve productivity in the fourth quarter of 2022. The company expects the benefits of these actions to begin in the first quarter of 2023 and, as a result, profitability to improve despite an anticipated sequential sales decline.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on GLW:
- Corning Reports Fourth-Quarter and Full-Year 2022 Financial Results
- Corning Gorilla Glass Victus 2 used in Samsung Galaxy smartphones
- PGT Innovations to partner with Corning on advanced window technologies
- Corning upgraded to Outperform from Neutral at Credit Suisse
- Top 10 Dividend Growth Stocks and How to Choose Them