Corning sees Q4 EPS 53c- 57c , consensus 52c

Sees Q4 revenue $3.750B , consensus $3.67B…Ed Schlesinger, executive vice president and chief financial officer, said, “We had an outstanding third quarter. Our outperformance was led by Optical Communications, with 36% year-over-year sales growth – and 55% sales growth in the Enterprise portion of the segment, driven by continued strong adoption of our new optical connectivity products for generative AI. We also demonstrated progress on the powerful incremental profit and cash flow embedded in our ‘Springboard’ plan – we saw significant operating margin expansion and generated $553 million of adjusted free cash flow.” Schlesinger continued, “We’re energized by the ‘Springboard’ milestones we’ve hit just three quarters into our three-year plan, and we’re confident that our momentum will continue. In the fourth quarter, we expect year-over-year sales growth to accelerate and EPS to grow faster than sales, with core sales growing about 15%, to approximately $3.75 billion, and core EPS growing approximately 40%, coming in at a range of $0.53 to $0.57.”