Alan_Lagadu/E+ via Getty Images Investment thesis My previous bullish thesis about Corning (NYSE:GLW) aged well, as the stock returned around 35% to investors since January, substantially outperforming the broader U.S. market. My valuation analysis suggests that GLW became notably overvalued after the strong rally of 2024. On the other hand, I consider the latest earnings report as robust and secular trends are quite positive for Corning. All in all, I think that strong optimism is already priced in and ...

The recent market sell-off has felt rather painful. It’s certainly been a while since we’ve witnessed stocks falling into an extended losing streak. Additionally, the concentration of selling in the tech sector is another reason why many newer and beginning investors (many of whom are heavy in the tech and AI names) feel like we’ve been through a bear market when the S&P 500 hasn’t even officially entered a correction (a 10% decline) just yet.Only time will tell if the past week of relief gains is the start ...

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 June 30, 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 incorpor ...

UKRAINE - 2021/10/09: In this photo illustration Corning Incorporated logo seen displayed on a ... [+] smartphone and in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesCorning (NYSE: GLW) recently reported its Q2 results, with revenues and earnings aligning with the street estimates. The company reported core revenue of 3.6 billion and adjusted earnings of $0.47 per share, driven by strong demand for its optical connecti ...

Investors interested in Communication - Components stocks are likely familiar with Corning (GLW) and Arista Networks (ANET) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight compani ...

Q2 earnings were fine, but guidance took investors' focus today.Shares of Corning (GLW -7.10%) fell as much as 11.9% in trading on Tuesday after the company reported second-quarter financial results. Shares are down 8.2% as of 3 p.m. ET.An earnings beat but a guidance flopCorning reported a modest 3.4% increase in revenue to $3.6 billion and non-GAAP (adjusted) earnings per share was $0.47, which met analyst estimates. But the company guided for $3.7 billion in revenue and earnings of $0.50 to $0.54 per sha ...

Key TakeawaysShares of Corning, a beneficiary of the artificial intelligence (AI) boom, tumbled Tuesday after the specialty glass maker's second-quarter results and current-quarter guidance missed analysts' expectations.Corning said that it expects third-quarter core EPS between $0.50 and $0.54, while analysts polled by Visible Alpha are looking for $0.55.The company's stock had soared earlier this month after it lifted its second-quarter adjusted earnings guidance on AI fueling demand for its optical produ ...

Corning Incorporated (GLW) reported strong second-quarter 2024 results, wherein both the top line and bottom line surpassed the respective Zacks Consensus Estimate. The advanced glass substrates producer witnessed a revenue expansion year over year, driven by healthy demand in the Optical Communications, Display Technologies and Specialty Materials segments. The growing adoption of new optical connectivity products for generative AI is a tailwind.Net IncomeOn a GAAP basis, the company reported a net income ...

For the quarter ended June 2024, Corning (GLW) reported revenue of $3.6 billion, up 3.5% over the same period last year. EPS came in at $0.47, compared to $0.45 in the year-ago quarter.The reported revenue represents a surprise of +3.21% over the Zacks Consensus Estimate of $3.49 billion. With the consensus EPS estimate being $0.46, the EPS surprise was +2.17%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations ...

CORNING | --- | --- | |--------------------------------------------------|-------| | | | | | | | Second-Quarter 2024 Investor Call | | | | | | Corning Reports Second-Quarter Financial Results | | | July 30, 2024 | | | | | 1 | --- ...