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Corning (GLW) Up 6.2% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-05-30 16:37
A month has gone by since the last earnings report for Corning (GLW) . Shares have added about 6.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Corning due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Corning Beats Q1 Earnings and Revenue EstimatesCorning reporte ...
Jim Cramer Offers His Take On Corning, Calls This Healthcare Stock A 'Terrific Spec' - Corning (NYSE:GLW)
benzinga.com· 2024-05-23 12:25
Loading...Loading...On CNBC's “Mad Money Lightning Round,” Jim Cramer said Recursion Pharmaceuticals, Inc. RXRX is a “terrific spec” and he recommended buying the same.On May 9, Recursion Pharmaceuticals reported better-than-expected first-quarter financial results.Corning Incorporated GLW has “not been able to generate the kind of return that I've wanted,” Cramer said. “I would not be a buyer all the way up here.”See Also: Jim Cramer Says This Industrial Stock Is Doing ‘Very Well’; Here’s His Take On Palan ...
Corning(GLW) - 2024 Q1 - Quarterly Report
2024-05-02 17:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from To Commission file number: 1-3247 CORNING INCORPORATED (Exact name of registrant as specified in its charter) New York 16-0393470 (State or other jurisdiction of incorpo ...
Why Corning (GLW) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-05-01 14:56
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.W ...
Corning(GLW) - 2024 Q1 - Earnings Call Transcript
2024-04-30 17:22
Corning Incorporated (NYSE:GLW) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Ann Nicholson - VP of IR Wendell Weeks - Chairman & CEO Ed Schlesinger - EVP & CFO Conference Call Participants Wamsi Mohan - Bank of America Meta Marshall - Morgan Stanley Martin Yang - Oppenheimer Samik Chatterjee - JPMorgan Tim Long - Barclays Asiya Merchant - Citi Joshua Spector - UBS Steven Fox - Fox Advisors George Notter - Jefferies Operator Welcome to the Corning Incorporated Quarter One 2 ...
Corning (GLW) Beats Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-30 16:01
Corning Incorporated (GLW) reported healthy first-quarter 2024 results, wherein both the top line and bottom line surpassed the respective Zacks Consensus Estimate. However, the company witnessed a revenue decline year over year due to demand softness in the Optical Communications and Life Sciences vertical. Signs of recovery in several end markets, healthy traction in Environmental Technologies, Specialty Materials and Display Technologies partially supported the top line. Pricing and productivity improvem ...
Corning(GLW) - 2024 Q1 - Earnings Call Presentation
2024-04-30 12:44
First-Quarter 2024 Investor Call Corning Reports First-Quarter Financial Results April 30, 2024 1 Forward-Looking and Cautionary Statements The statements contained in this presentation and related comments by management that are not historical facts or informationand contain words such as “will,” “believe,” “anticipate,”“expect,” “intend,” “plan,” “seek,” “see,” “would,”“target,” “estimate,” “forecast” or similar expressions areforward-looking statements.These forward-looking statements are made pursuantto ...
Corning(GLW) - 2024 Q1 - Quarterly Results
2024-04-30 11:15
FOR RELEASE – April 30, 2024 Corning Reports First-Quarter 2024 Financial Results Management reaf irms expectation that first-quarter sales will mark the low point of the year, as improving market conditions support higher sales throughout 2024 Management expects core sales to grow sequentially to approximately $3.4 billion in the second quarter of 2024, with core EPS in the range of $0.42 to $0.46 Corning is well positioned to add more than $3 billion in annualized sales – and deliver strong incremental pr ...
Is a Surprise Coming for Corning (GLW) This Earnings Season?
Zacks Investment Research· 2024-04-29 14:50
Investors are always looking for stocks that are poised to beat at earnings season and Corning Incorporated (GLW) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Corning is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good i ...
Corning (GLW) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Zacks Investment Research· 2024-04-29 14:21
Wall Street analysts forecast that Corning (GLW) will report quarterly earnings of $0.36 per share in its upcoming release, pointing to a year-over-year decline of 12.2%. It is anticipated that revenues will amount to $3.12 billion, exhibiting a decline of 7.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their i ...