Corning Expected to Earn 40 Cents a Share - TheStreet

Corning Inc.  (GLW) - Get Report is expected to report net income of $357 million, or 40 cents a share, on sales of $2.9 billion before the market opens on Tuesday, based on a FactSet survey of 12 analysts.

In the same period a year ago, the company posted earnings of 51 cents a share on sales of $3 billion. It reported net income of $738 million.

The stock has fallen 2.8% since the company last reported earnings on July 30.

Quarterly estimates have fallen less than 1 cent a share in the past month.

In the upcoming quarter analysts are forecasting net income of $404.3 million, or 46 cents a share, on sales of $2.7 billion.

Corning is currently trading at a price-to-forward-earnings ratio of 16.3 based on the 12-month estimates of 12 analysts surveyed by FactSet.

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