Corning reports q1 core earnings per share of $0.20

Corning reports first-quarter 2020 results.q1 core earnings per share $0.20.q1 gaap loss per share $0.16.q1 earnings per share estimate $0.17 -- refinitiv ibes data.withdrawing its full-year 2020 guidance.corning - qtrly gaap sales were $2.4 billion; core sales were $2.5 billion.co will take additional actions in q2 due to covid-19.anticipating lower sales, adjusting operating plan to reduce costs and capital spending.have essentially no debt coming due over next two years.expect to maintain a strong cash balance and generate positive free cash flow for year.plan to maintain our dividend and have paused share buybacks.qtrly optical communications segment gaap net sales were $791 million versus $1,064 million reported last year.q1 revenue view $2.44 billion -- refinitiv ibes data.corning - primary difference between q1 gaap, core results was non-cash charges related to capacity realignment, cash severance payments.qtrly display technologies net sales were $751 million versus $818 million reported last year.
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