Corning Inc
GLW: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| RHM | LOCK|?@p! | LOCK|#x>yr!> |
Corning Earnings: Strong Springboard Progress Drives Shares Up, but Fits With Our Long-Term Model
Corning's second-quarter results beat top- and bottom-line guidance. Non-GAAP revenue rose 12% year over year and 10% sequentially to $4.05 billion, with non-GAAP operating margin rising 100 basis points sequentially to 19%. Third-quarter guidance implies sequential growth and margin expansion.
