Corning (NYSE: GLW) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Corning beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share dropped significantly.

Margins contracted across the board.

Revenue details
Corning tallied revenue of $1.92 billion. The 15 analysts polled by S&P Capital IQ wanted to see revenue of $1.86 billion on the same basis. GAAP reported sales were 0.2% lower than the prior-year quarter's $1.92 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.30. The 18 earnings estimates compiled by S&P Capital IQ averaged $0.28 per share. GAAP EPS of $0.30 for Q1 were 36% lower than the prior-year quarter's $0.47 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 42.4%, 300 basis points worse than the prior-year quarter. Operating margin was 17.9%, 630 basis points worse than the prior-year quarter. Net margin was 24.1%, 1,480 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.99 billion. On the bottom line, the average EPS estimate is $0.32.

Next year's average estimate for revenue is $7.98 billion. The average EPS estimate is $1.34.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 5,140 members out of 5,259 rating the stock outperform, and 119 members rating it underperform. Among 1,001 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 981 give Corning a green thumbs-up, and 20 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Corning is outperform, with an average price target of $15.62.

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