Corning Incorporated (NYSE:GLW) Q4 2023 Earnings Call Transcript January 30, 2024 8:30 AM ET Company Participants Ann Nicholson - VP of IR Wendell Weeks - Chairman & CEO Ed Schlesinger - EVP & CFO Jeff Evenson - EVP & CSO Conference Call Participants Mehdi Hosseini - SIG Wamsi Mohan - Bank of America Asiya Merchant - Citi Meta Marshall - Morgan Stanley Martin Yang - Oppenheimer Samik Chatterjee - JPMorgan Josh Spector - UBS Matt Niknam - Deutsche Bank Operator Welcome to the Corning Incorporated Quarter Fou ...

For the quarter ended December 2023, Corning (GLW) reported revenue of $3.27 billion, down 9.9% over the same period last year. EPS came in at $0.39, compared to $0.47 in the year-ago quarter.The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $3.26 billion. With the consensus EPS estimate being $0.40, the EPS surprise was -2.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their n ...

Full-Year 2023 Investor Call Corning Reports Fourth-Quarter and Full-Year 2023 Financial Results January 30, 2024 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 ...

CORNING, N.Y., Jan. 30, 2024 (GLOBE NEWSWIRE) --   Corning Incorporated (NYSE:GLW) today announced its fourth-quarter and full-year 2023 results and provided its outlook for first-quarter 2024. Wendell P. Weeks, chairman and chief executive officer, said, "Overall, our results in the quarter – and throughout 2023 – demonstrate that we continue to make solid progress advancing our market leadership, strengthening our profitability, and improving our cash-flow generation even in the lower-demand environment w ...

6 Technology Stocks That Also Pay Investors Among the Highest Dividends scyther5 / Getty Images The current stock market investing reality is that 10 companies made up 95% of the gains in the S&P 500 in 2023, and nine of the 10 heaviest-weighted stocks in the Nasdaq 100 have accounted for almost all the profits. What do these stocks have in common? They are nearly all technology stocks, and the technology sector will likely continue to drive the upside for the rest of this year.While all the major firms h ...

Corning Incorporated (GLW) is set to report fourth-quarter 2023 results on Jan 30, before the opening bell. It delivered a trailing four-quarter earnings surprise of 2.45% on average. The advanced glass substrates producer is likely to witness a revenue decline year over year owing to soft demand trends and inventory adjustments in the Optical Communication segment. Weakness in Display Technologies and Life Science verticals is also a major concern. However, management’s effort to improve productivity is a ...

Wall Street analysts expect Corning (GLW) to post quarterly earnings of $0.40 per share in its upcoming report, which indicates a year-over-year decline of 14.9%. Revenues are expected to be $3.26 billion, down 10.4% from the year-ago quarter.The current level reflects a downward revision of 1.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company r ...

Corning, N.Y., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) and Samsung Electronics Co., Ltd. today announced that Samsung's Galaxy S24 Ultra devices will feature Corning's new Corning® Gorilla® Armor cover material. Gorilla Armor offers an unparalleled combination of durability and visual clarity, delivering a richer display in sunlight and greater protection against damage caused by daily wear. "Corning's Gorilla® Glass, together with the Galaxy S series, have driven innovation and ma ...

Wirestock/iStock via Getty Images Investment thesis My initial bullish thesis about Corning (NYSE:GLW) did not age well since the stock by far underperformed the broader U.S. market with a -4.7% total return since early June 2023. The main reason the previous thesis did not age well is the top-line underperformance in Q2 and Q3, together with the shrinkage of the respective profitability metrics, but I believe it was due to temporary and not secular factors. While the thesis did not work well over the short ...

Corning Incorporated (NYSE:GLW) UBS Global Technology Conference November 28, 2023 10:15 AM ET Company Participants Ann Nicholson - VP of IR Conference Call Participants Josh Spector - UBS Josh Spector All right, everyone. We're going to get started here. Thanks, everyone, for joining us in person and online for UBS' Global Technology Conference. My name is Josh Spector, and I cover North American chemicals and packaging for UBS, as well as a few other niche areas. Today, we're hosting Corning for a firesid ...