Core Insights - Corning (NYSE: GLW) is recognized for its strong market position across various segments and its robust pricing power, making it a top investment choice over the last two years [1] - The company is actively involved in developing technologies such as Generative AI, which presents significant growth opportunities in the tech sector [1] Company Position - Corning has maintained a dominant position in multiple market segments, which contributes to its competitive advantage [1] - The company's pricing power is a critical factor in its financial performance and market strategy [1] Growth Prospects - There are promising prospects for Corning in the development of new technologies, particularly in the realm of Generative AI, indicating potential for future growth [1]

Core Insights - Corning's shares have increased by 4.8% over the past month, reaching a 52-week high of $55.33, with a year-to-date gain of 4.8% compared to 33.3% for the Zacks Computer and Technology sector and 71.6% for the Zacks Communication - Components industry [1] Financial Performance - Corning has consistently exceeded earnings expectations, reporting an EPS of $0.57 against a consensus estimate of $0.56 in its last earnings report on January 29, 2025 [2] - For the current fiscal year, Corning is projected to achieve earnings of $2.30 per share on revenues of $15.26 billion, reflecting a 17.35% increase in EPS and a 5.43% increase in revenues. For the next fiscal year, expected earnings are $2.71 per share on $16.3 billion in revenues, indicating year-over-year changes of 17.78% and 6.87%, respectively [3] Valuation Metrics - Corning's current valuation metrics show a trading multiple of 21.6X current fiscal year EPS estimates, below the peer industry average of 24.3X. The trailing cash flow basis shows a multiple of 15X compared to the peer group's average of 17.3X, with a PEG ratio of 1.35, suggesting it is not among the top value stocks [7] Investment Ratings - Corning holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, which aligns with the recommendation for investors to select stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, indicating potential for further gains [8]

Corning (GLW -2.44%) stock is losing ground Wednesday despite an initial bullish surge early in the day's trading. The company's share price was down 2.4% as of 3:45 p.m. ET, but it had been up as much as 8% earlier in the session.Corning stock jumped early thanks to better-than-expected fourth-quarter results and forward guidance, but it lost ground in response to a pair of bearish catalysts. Despite the strong start, uncertainty surrounding the new DeepSeek R1 artificial intelligence (AI) model and the Fe ...

Core Insights - Corning reported $3.87 billion in revenue for Q4 2024, an 18.4% year-over-year increase, with EPS of $0.57 compared to $0.39 a year ago, exceeding both revenue and EPS consensus estimates [1][3] Financial Performance - Revenue surprise was +2.78% over the Zacks Consensus Estimate of $3.77 billion, while EPS surprise was +1.79% over the consensus estimate of $0.56 [1] - Corning's stock has returned +7.8% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change, with a Zacks Rank 2 (Buy) indicating potential for further outperformance [3] Segment Performance - Display Technologies: $971 million in net sales, +11.7% year-over-year, slightly below the average estimate of $973.07 million [4] - Optical Communications: $1.37 billion in net sales, +51.5% year-over-year, exceeding the average estimate of $1.28 billion [4] - Hemlock and Emerging Growth Businesses: $373 million in net sales, +4.8% year-over-year, below the average estimate of $392.92 million [4] - Specialty Materials: $515 million in net sales, +8.9% year-over-year, above the average estimate of $504.12 million [4] - Life Sciences: $250 million in net sales, +3.3% year-over-year, exceeding the average estimate of $244.61 million [4] - Environmental Technologies: $397 million in net sales, -7.5% year-over-year, above the average estimate of $377.83 million [4] Segment Net Income - Optical Communications: $194 million in net income, exceeding the average estimate of $156.10 million [4] - Display Technologies: $262 million in net income, slightly above the average estimate of $256.88 million [4] - Life Sciences: $18 million in net income, in line with the average estimate of $18.10 million [4] - Environmental Technologies: $81 million in net income, below the average estimate of $88.75 million [4] - Specialty Materials: $81 million in net income, above the average estimate of $65.33 million [4] - Hemlock and Emerging Growth Businesses: -$10 million in net income, below the average estimate of -$5.74 million [4]

Core Insights - Corning reported better-than-expected fourth-quarter results for 2024, with EPS of $0.57 and revenue of $3.87 billion, surpassing estimates [1][2][3] Financial Performance - Non-GAAP EPS was $0.57, exceeding the estimate of $0.56 and showing a 46% increase from $0.39 in Q4 2023 [3] - Revenue reached $3.87 billion, above the estimate of $3.76 billion, reflecting an 18% year-over-year growth from $3.27 billion [3] - Operating margin improved to 18.5%, up 2.2 percentage points from 16.3% in the previous year [3] - Free cash flow was $409 million, down 16% from $487 million in Q4 2023 [3] Segment Performance - The Optical Communications segment achieved sales of $1.368 billion, a 51% increase year-over-year, driven by demand for products supporting generative AI [6] - The Enterprise portion of Optical Communications surged by 93% [6] - Display Technologies saw a 12% sales growth despite currency fluctuations due to strengthened pricing strategies [6] - Specialty Materials experienced a 9% sales increase, while Environmental Technologies faced a 7% decline due to weak heavy-duty diesel markets [7] - Life Sciences sector continued to grow steadily with a 3% increase [7] Strategic Focus - Corning emphasizes technology and innovation across its segments, which include Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences [4] - The company maintains a robust patent portfolio and has developed industry-leading products like Gorilla Glass and Astra Glass, enhancing its market resilience [5] Future Outlook - For Q1 2025, Corning projects core sales to rise about 10% to approximately $3.6 billion and expects EPS to grow by roughly 30% to between $0.48 and $0.52 [10] - The company aims for a $3 billion sales increase and an operating margin target of 20% by 2026 under its "Springboard" plan [10]

Corning Incorporated (GLW) reported solid fourth-quarter 2024 results, wherein adjusted earnings and revenues surpassed the respective Zacks Consensus Estimate. The advanced glass substrates producer witnessed revenue expansion year over year, driven by healthy sales across all segments except Environmental Technologies.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The growing adoption of new optical connectivity products for GenAI (generative artificial intelligence) is a tailwind. ...

Corning (GLW) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.79%. A quarter ago, it was expected that this specialty glass maker would post earnings of $0.52 per share when it actually produced earnings of $0.54, delivering a surprise of 3.85%.Over the last four quarters, the compa ...

1 Forward-Looking and Cautionary Statements The statements contained in this presentation and related comments by management that are not historical facts or information and contain words such as "will," "believe," "anticipate," "expect," "intend," "plan," "seek," "see," "would," "target," "estimate," "forecast" or similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and in ...

Exhibit 99 FOR RELEASE – Jan. 29, 2025 Corning Reports Strong Fourth-Quarter and Full-Year 2024 Financial Results, Marking Successful First Year of 'Springboard' Plan (1) (1) Fourth-quarter GAAP results: Sales were $3.5 billion, gross margin was 34.2%, operating margin was 11.2%, EPS was $0.36 and operating cash flow was $623 million. Full-year GAAP results: Sales were $13.1 billion, gross margin was 32.6%, operating margin was 8.7%, EPS was $0.58 and operating cash flow was $1.9 billion. Fourth-quarter res ...

Corning Incorporated (GLW) is set to report its fourth-quarter 2024 results on Jan. 29, before the opening bell. It delivered a trailing four-quarter earnings surprise of 2.27%, on average. In the last reported quarter, the company reported an earnings surprise of 3.85%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The advanced glass substrates producer is likely to have witnessed revenue growth year over year, owing to healthy demand in several segments, including Optical Communi ...