Before today's market open, the Corning, NY-based manufacturer of specialty glass and ceramics posted revenue of $2.51 billion. Analysts surveyed by FactSet were expecting revenue of $2.53 billion.
Earnings of 42 cents per share topped analysts' forecasts of 38 cents per share.
"Corning's strong third-quarter results reflect the increasing momentum that we expected in the second half of this year. Sales and gross margins increased in every business segment year over year," CEO Wendell Weeks said in a statement.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.
The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins.
The team believes its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: GLW