Compared to Estimates, Corning (GLW) Q4 Earnings: A Look at Key Metrics

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]