Corning(GLW)
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Corning(GLW) - 2024 Q2 - Earnings Call Transcript
2024-07-30 14:02
Corning Incorporated (NYSE:GLW) Q2 2024 Earnings Conference Call July 30, 2024 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman & Chief Executive Officer Ed Schlesinger - Executive Vice President & Chief Financial Officer Conference Call Participants Asiya Merchant - Citi Samik Chatterjee - JPMorgan Steven Fox - Fox Advisors LLC Martin Yang - OpCo Ruplu Bhattacharya - Bank of America Securities Mehdi Hosseini - Susquehanna International Group James ...
Corning (GLW) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-30 13:25
Corning (GLW) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.17%. A quarter ago, it was expected that this specialty glass maker would post earnings of $0.36 per share when it actually produced earnings of $0.38, delivering a surprise of 5.56%.Over the last four quarters, the compa ...
Corning(GLW) - 2024 Q2 - Quarterly Results
2024-07-30 11:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report: (Date of earliest event reported) July 8, 2024 CORNING INCORPORATED (Exact name of registrant as specified in its charter) New York (State or other jurisdiction of incorporation) 1-3247 (Commission File Number) 16-0393470 (I.R.S. Employer Identification No.) One Riverfront Plaza, Corning, New York (Address of principal executive ...
Corning (GLW) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-07-29 14:21
The upcoming report from Corning (GLW) is expected to reveal quarterly earnings of $0.46 per share, indicating an increase of 2.2% compared to the year-ago period. Analysts forecast revenues of $3.49 billion, representing an increase of 0.3% year over year.The consensus EPS estimate for the quarter has undergone an upward revision of 2.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe ...
Will Modest Revenue Growth Improve Corning's (GLW) Q2 Earnings?
ZACKS· 2024-07-23 17:00
Corning Incorporated (GLW) is set to report its second-quarter 2024 results on Jul 30, before the opening bell. It delivered a trailing four-quarter earnings surprise of 0.22% on average. In the last reported quarter, the company reported an earnings surprise of 5.56%.The advanced glass substrates producer is likely to witness revenue growth year over year, owing to healthy demand in multiple verticals, including mobile consumer electronics, generative AI applications, automotive and more. A strong emphasis ...
Corning (GLW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-07-23 15:07
The market expects Corning (GLW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 30, 2024, might help the stock move higher if these key numbers are better t ...
Has Corning (GLW) Outpaced Other Computer and Technology Stocks This Year?
ZACKS· 2024-07-11 14:40
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Corning (GLW) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Corning is one of 617 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of t ...
1 Under-the-Radar Artificial Intelligence (AI) Stock Most Investors Might Be Overlooking
The Motley Fool· 2024-07-11 10:00
Opportunities in the artificial intelligence (AI) space are expanding beyond popular stocks like Nvidia.Artificial intelligence (AI) is the dominant theme in the stock market. Many investors are focused on a narrow group of leading AI stocks, like Nvidia, Microsoft, and Amazon. However, they might be overlooking great opportunities at the smaller end of the market.Corning (GLW 1.81%) is a technology company that manufactures components for consumer electronics, medical equipment, data centers, and more. Wit ...
Corning: Why It Was The S&P 500's Top Performing Stock Last Week
Seeking Alpha· 2024-07-11 03:11
ViewApartMy last article on Corning (NYSE:GLW), entitled, “Corning: The 500 Pound Gorilla Glass Stock” appeared on iREIT on the 9th of January. GLW was trading for $30.59 when that piece debuted. I rated Corning as a Buy, and since then, the share price has increased by roughly 46%, well above the 17% gain posted by the S&P 500. Of course, it didn’t hurt that Corning was the S&P’s best performer last week after posting a 17.5% gain over a five-day period. The jump in share price followed management’s an ...
AI Boosts Glass Tech Leader Stock: Shares Up 75% and More to Come
MarketBeat· 2024-07-10 15:24
Corning Incorporated NYSE: GLW is a $38 billion business specializing in glass and ceramic-related technology. Its products are used in everything from flat-screen TVs, smartphones, and sensitive sensors for drug research, which might not seem that exciting, but don't be put off. At a time when investors are focused on finding anything artificial intelligence (AI) related, funnily enough, that's exactly what Corning's got going on. Corning TodayGLWCorning$45.09 +0.42 (+0.94%) 52-Week Range$25.26▼$45.34Divid ...