Corning backs Q3 EPS view of 50c-54c, consensus 53c

Backs Q3 revenue view of $3.7B, consensus $3.71B. Corning announced it will host a meeting today at its optical fiber facility in Concord, North Carolina, with investors and industry analysts to provide significant updates to its “Springboard” plan to add more than $3B in annualized sales with strong incremental profit and cash flow in the next three years. Ed Schlesinger, executive vice president and Chief Financial Officer, said, “Our second-quarter results and third-quarter guidance put us well ahead of our ‘Springboard’ plan run rate. In the third quarter, we continue to expect sales of $3.7B and EPS of $0.50 to $0.54.”