secwatch.observer — SEC 8-K summary
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Issuer:     CORNING INC /NY (GLW)
CIK:        0000024741
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001437749-23-020585
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corning Q2 core EPS $0.45, core sales $3.48B; guides Q3 core sales ~$3.5B
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- GAAP EPS $0.33 (up 65% seq); core EPS $0.45 (up 10% seq); core gross margin 36.2% (up 100 bps seq).
- Core sales $3.48B, up 3% seq but down 7% YoY; management cites weak end-market environment.
- Q3 outlook: core sales ~$3.5B, core EPS about same or slightly better than Q2.
- Free cash flow improved to $310M in Q2; sequential margin expansion reflects pricing and productivity actions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24741/000143774923020585/0001437749-23-020585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24741/000143774923020585/glw20230506_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020585

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer