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Corning Preliminary Sales and EPS Ahead Slightly Of Consensus

TECHNOLOGY


  • Q2 core sales seen at USD 3.6bn from prior guidance of 3.4bn vs. BBG consensus of USD 3.4bn
  • Core EPS seen at high end or above the USD 0.42-0.46c range (vs. BBG consensus of 0.45)
  • Started buying back shares in Q2.
  • Slight credit positive; spreads unchanged on the headlines.
  • Full results on 30 July.

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