First-Quarter 2024 Investor Call Corning Reports First-Quarter Financial Results April 30, 2024 1 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 made pursuantto ...

Exhibit 99 FOR RELEASE – April 30, 2024 Corning Reports First-Quarter 2024 Financial Results Management reaffirms expectation that first-quarter sales will mark the low point of the year, as improving market conditions support higher sales throughout 2024 Management expects core sales to grow sequentially to approximately $3.4 billion in the second quarter of 2024, with core EPS in the range of $0.42 to $0.46 Corning is well positioned to add more than $3 billion in annualized sales – and deliver strong inc ...

Investors are always looking for stocks that are poised to beat at earnings season and Corning Incorporated (GLW) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Corning is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good i ...

Wall Street analysts forecast that Corning (GLW) will report quarterly earnings of $0.36 per share in its upcoming release, pointing to a year-over-year decline of 12.2%. It is anticipated that revenues will amount to $3.12 billion, exhibiting a decline of 7.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their i ...

Corning Incorporated (GLW) is set to report its first-quarter 2024 results on Apr 30, before the opening bell. It delivered a trailing four-quarter earnings surprise of 0.12% on average. In the last reported quarter, the communication components provider missed the Zacks Consensus Estimate by a penny.The advanced glass substrates producer is likely to witness a top-line contraction year over year, owing to demand softness in several end markets. Supply chain corrections and macroeconomic challenges are head ...

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PM Images/DigitalVision via Getty Images Introduction and thesis Corning Incorporated (NYSE:GLW) is a global technology company specializing in advanced materials and specialty glass. Founded in 1851 and headquartered in Corning, New York, the company operates in five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning is a compelling business as its expertise is in a niche segment of specialized advanced materials, but has ...

Tech stocks are not known for their top-notch dividend policies. Many companies in this sector are busy inventing tomorrow's technologies, often prioritizing reinvestment over distributing cash profits through dividends.Let me paint a picture for you. There are 2,457 stocks trading on American stock exchanges with a market cap of at least $1 billion, according to Finviz. Of them, 1,504, or 61%, offer some sort of dividend payout.Narrow your view to the tech sector, and you'll find 111 dividend payers out of ...

Corning Incorporated (NYSE:GLW) Morgan Stanley Technology, Media & Telecom Conference Call March 5, 2024 11:00 AM ET Company Participants Edward Schlesinger - Executive Vice President and Chief Financial Officer Conference Call Participants Meta Marshall - Morgan Stanley Meta Marshall All right. Welcome, everybody. I'm Meta Marshall. I cover the networking space here at Morgan Stanley. We're delighted to have Corning here today, Edward Schlesinger, CFO. For important disclosures, please see the Morgan Stanl ...

Corning Incorporated (NYSE:GLW) Morgan Stanley Technology, Media & Telecom Conference Call March 5, 2024 11:00 AM ET Company Participants Edward Schlesinger - Executive Vice President and Chief Financial Officer Conference Call Participants Meta Marshall - Morgan Stanley Meta Marshall All right. Welcome, everybody. I'm Meta Marshall. I cover the networking space here at Morgan Stanley. We're delighted to have Corning here today, Edward Schlesinger, CFO. For important disclosures, please see the Morgan Stanl ...