Corning (GLW) Beats Q1 Earnings and Revenue Estimates [Yahoo! Finance]
Corning Incorporated (GLW)
Last corning incorporated earnings: 4/28 07:15 am
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US:NYSE Investor Relations:
corning.com/worldwide/en/about-us/investor-relations.html
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Source: Yahoo! Finance
both the top line and bottom line surpassed the respective Zacks Consensus Estimate. However, the company witnessed a revenue decline year over year due to demand softness in the Optical Communications and Life Sciences vertical. Signs of recovery in several end markets, healthy traction in Environmental Technologies, Specialty Materials and Display Technologies partially supported the top line. Pricing and productivity improvement initiatives strengthened profitability. Net Income On a GAAP basis, the company reported a net income of $209 million or 24 cents per share compared with $176 million or 20 cents per share in the year-ago quarter. Lower cost of sales, increase in interest income and other income led to higher net income during the quarter. Core earnings were $330 million or 38 cents per share, down from $350 million or 41 cents per share in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 2 cents. Corning Incorporated Price, Consensus and E
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GLW
News
- Corning to Participate in J.P. Morgan 52nd Global Technology, Media and Communications ConferenceBusiness Wire
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- Optical Fiber Market to Reach $11.9 Billion, Globally, by 2032 at 5.5% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- The Conference Board ESG Center Honors Three Companies at the Inaugural ESG Leadership Awards [Yahoo! Finance]Yahoo! Finance
GLW
Earnings
- 4/30/24 - Beat
GLW
Sec Filings
- 5/17/24 - Form 8-K
- 5/16/24 - Form 4
- 5/14/24 - Form 144
- GLW's page on the SEC website