Corning Incorporated (GLW) reported impressive third-quarter 2024 results, wherein both the top line and bottom line surpassed the respective Zacks Consensus Estimate. The advanced glass substrates producer witnessed revenue expansion year over year, driven by healthy demand in the Optical Communications and Life Sciences segments.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The growing adoption of new optical connectivity products for generative AI is a tailwind. Solid growth in ...

Corning Incorporated (NYSE:GLW) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman and Chief Executive Officer Edward Schlesinger - Executive Vice President and Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Matthew Niknam - Deutsche Bank Steven Fox - Fox Advisors LLC Wamsi Mohan - Bank of America John Roberts - Mizuho Asiya Merchant - Citi Meta Marshall - Morgan Stanl ...

Corning (GLW) reported $3.73 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.9%. EPS of $0.54 for the same period compares to $0.45 a year ago.The reported revenue represents a surprise of +0.82% over the Zacks Consensus Estimate of $3.7 billion. With the consensus EPS estimate being $0.52, the EPS surprise was +3.85%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Corning (GLW) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was expected that this specialty glass maker would post earnings of $0.46 per share when it actually produced earnings of $0.47, delivering a surprise of 2.17%. Over the last four quarters, the comp ...

Exhibit 99 FOR RELEASE – Oct. 29, 2024 Corning Reports Strong Third-Quarter 2024 Financial Results (1) Highlighting Key Milestones in 'Springboard' Plan to Add More Than $3 Billion in Annualized Sales, and Achieve Operating Margin of 20%, by the End of 2026 Results were at the high end of guidance, led by Optical Communications, which grew sales in its Enterprise business 55% year over year, driven by continued strong adoption of new optical-connectivity products for generative AI GAAP operating margin expa ...

Wall Street analysts expect Corning (GLW) to post quarterly earnings of $0.52 per share in its upcoming report, which indicates a year-over-year increase of 15.6%. Revenues are expected to be $3.7 billion, up 7% from the year-ago quarter.The current level reflects no revision 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 announces its earnings ...

Corning Incorporated (GLW) is set to report its third-quarter 2024 results on Oct. 29, before the opening bell. It delivered a trailing four-quarter earnings surprise of 0.77% on average. In the last reported quarter, the company reported an earnings surprise of 2.17%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The advanced glass substrates producer is likely to witness revenue growth year over year, owing to healthy demand in several segments, including Optical Communications, ...

Oct 9th, 2024 - Corning Inc (GLW, Financial) stock technically made a classic breakout from the Cup with Handle pattern and invited traders to make some buzz with the stock today. The news powering the buzz is that Corning, a manufacturer of glass, ceramic and optical fibers for various industries, partnered with KD to deliver high speed connectivity for modern software-equipped vehicles. As the increasing demand for robust in-vehicle connectivity, KD as an optical transceivers provider, picked Corning to c ...

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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Corning (GLW) . This company, which is in the Zacks Communication - Components industry, shows potential for another earnings beat.This specialty glass maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 3.86%.For th ...