Corning Inc
GLW: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|!Q | LOCK|%yqP | LOCK|^>X?b$Q |
Corning Earnings: We Raise Our Valuation and AI Forecast, but Struggle to Agree With the Market
Corning's third-quarter results were positive and at the high ends of guidance. Non-GAAP sales rose 14% year over year to $4.27 billion, with non-GAAP operating margin up 130 basis points year over year at 19.6%. Fourth-quarter guidance implies similar year-over-year growth and margin expansion.
