Corning Inc's ROE per quarter

Return on Equity, Quarterly Results, Trends, Rankings, Statistics

What is ROE for Corning Inc in the second quarter 2024?
Corning Inc achieved a return on average equity (ROE) of 4.35 % in its second quarter 2024, which is below Corning Inc's average return on equity, which stands at 13.64%.

ROE decreased relative to the period ending , due to the decline in net income.

Within the Communications Equipment industry 5 other companies had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to 673, from total ROE ranking in the first quarter 2024 at 1463.

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Return on Equity ROE▼

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Return on Equity ROE▼

Return On Equity	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter
Y / Y Equity Change	-6.69 %	-5.31 %	-3.32 %	1.7 %	-
Y / Y Net Income Change	-59.74 %	17.8 %	-	-19.47 %	-48.12 %
Net Income (TTM) in Millions	501	682	648	671	715
Return On Equity (TTM)	4.35 %	5.82 %	5.45 %	5.6 %	5.99 %
GLW's Total Ranking	# 673	# 1463	# 1542	# 1795	# 211
Equity (TTM) in Millions	10,927	11,559	11,868	11,744	11,710
Seq. Equity Change	-5.47 %	-2.6 %	1.06 %	0.29 %	-4.07 %
Seq. Net Income Change	-45.78 %	-	-	-39.93 %	58.64 %

Back to GLW Management Effectiveness >> GLW's 5 Years Annual ROE >> Compare GLW ROE to its Competitors

Return On Equity Company Ranking
Within:	No.
Industry	# 6
Sector	# 170
Overall	# 673

Return On Equity Statistics
High	Average	Low
52.2 %	13.64 %	-7.13 %
(June 30. 2008)		(Mar 31 2018)

GLW Annual Return On Equity	(Dec 31 2023) 2023	(Dec 31 2022) 2022	(Dec 31 2021) 2021	(Dec 31 2020) 2020	(Dec 31 2019) 2019
Total Equity in Millions	11,868	12,275	12,545	13,448	12,997
Y / Y Equity Change	-3.32 %	-2.15 %	-6.71 %	3.47 %	-6.4 %
Net Income in Millions	648	1,386	1,906	512	960
Y / Y Net Income Change	-53.25 %	-27.28 %	272.27 %	-46.67 %	-9.94 %
Return On Equity	5.46 %	11.29 %	15.19 %	3.81 %	7.39 %

Back to GLW Management Effectiveness >> GLW's 5 Years Annual ROE >> Compare GLW ROE to its Competitors

Annual Roe Comment

In 2023 ROE decreased compared to the previous year to 5.46 %, due to deterioration of net income.

More Return On Equity Ratios
Communications Equipment Industry Roe Trends and Statistics
Technology Sector Return On Equity Statistics
GLW's' Return on Equity at Yahoo Finance
GLW's Roe Ratio versus Communications Equipment Industry, Technology Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Roe for GLW's Competitors
Return On Equity for Corning Inc's Suppliers
Roe for GLW's Customers

Companies with similar Return On Equity at Jun 30 2024, within Technology Sector	ROE
Innodata inc	11.49 %
Trade Desk Inc	11.40 %
Open Text Corp	11.37 %
Pure Storage Inc	11.30 %
Taskus Inc	11.29 %
Palantir Technologies Inc	11.11 %
Legalzoom com Inc	11.01 %
Sps Commerce Inc	10.73 %
Iridium Communications Inc	10.24 %
Leidos Holdings Inc	10.21 %
Sanmina Corporation	10.18 %
Imax Corporation	10.18 %
Duolingo Inc	9.64 %
Quicklogic Corp	9.56 %
Onespan Inc	9.52 %
Amkor Technology Inc	9.50 %
Ansys Inc	9.26 %
Elastic N v	9.17 %
Shutterstock inc	8.89 %
Fortive Corporation	8.89 %
Broadcom Inc	8.87 %
Plexus Corp	8.86 %
Materion Corporation	8.83 %
Vimeo Inc	8.59 %
Esco Technologies inc	8.58 %
Hewlett Packard Enterprise Company	8.57 %
Allient Inc	8.49 %
Sensata Technologies Holding Plc	8.36 %
Vishay Intertechnology Inc	8.34 %
Roper Technologies Inc	8.27 %

Date modified: 2024-09-07T16:24:59+00:00

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