Corning sees Q2 EPS 42c-46c, consensus 44c

For the second quarter, management expects core sales to grow to approximately $3.4 billion, with core EPS in the range of $0.42 to $0.46. Ed Schlesinger, executive vice president and chief financial officer, said, “Our actions to increase price and improve our productivity ratios are paying off. In the first quarter, despite lower year-over-year core sales, we grew core gross margin by 160 basis points. We also grew adjusted free cash flow by more than $300 million versus the first quarter of 2023.” Schlesinger continued, “Overall, we have established a significantly stronger profitability and cash flow base, and we expect to grow from first-quarter levels. In the second quarter, we expect core sales of approximately $3.4 billion, with core EPS in the range of $0.42 to $0.46.” Consensus for Q2 revenue is $3.33B..