Price: $32.3300
$-0.18
-0.554%
|
Day's High:
| $32.68
| Week Perf:
| -1.7 %
|
Day's Low: |
$ 32.54 |
30 Day Perf: |
0.94 % |
Volume (M): |
87 |
52 Wk High: |
$ 36.02 |
Volume (M$): |
$ 2,845 |
52 Wk Avg: |
$31.54 |
Open: |
$32.40 |
52 Wk Low: |
$25.26 |
|
|
Market Capitalization (Millions $) |
27,623 |
Shares
Outstanding (Millions) |
854 |
Employees |
61,200 |
Revenues (TTM) (Millions $) |
12,588 |
Net Income (TTM) (Millions $) |
648 |
Cash Flow (TTM) (Millions $) |
108 |
Capital Exp. (TTM) (Millions $) |
1,390 |
Corning Inc
Corning traces its origins to a glass business established in 1851. The present
corporation was incorporated in the State of New York in December 1936, and its
name was changed from Corning Glass Works to Corning Incorporated on April 28,
1989. Corning is a global, technology-based corporation that operates in two reportable
business segments: Telecommunications and Technologies.
Cornings hardware and equipment products include cable assemblies, fiber optic
hardware, fiber optic connectors, optical components and couplers, splice equipment,
test equipment and accessories for optical connectivity. For broadband access,
Cornings products include closures, subscriber demarcation, connection and
protection devices, xDSL passive solutions, outside plant enclosures, and plastic
pedestals. Each of the product lines may be combined in Cornings fiber-to-the-premises
solutions. Corning has manufacturing operations for hardware and equipment products
in North Carolina and Texas, as well as Europe, Mexico, China, and the Caribbean.
Corning Gilbert Inc. offers products for the cable television industry, including
coaxial connectors and associated tools. Corning Gilbert has manufacturing operations
for coaxial connectors and associated assembly tools in Arizona and Denmark.
Cornings display technologies business manufactures glass substrates products
primarily for active matrix liquid crystal displays, which are used primarily
in notebook computers, flat panel desktop monitors, and flat panel color televisions.
Cornings facilities in Kentucky, Japan and Taiwan and its 50% interest in Samsung
Corning Precision Glass Co., Ltd. ("Samsung Corning Precision") in
South Korea develop, manufacture and supply high quality glass substrates products
using a proprietary fusion forming technology and know-how. Samsung affiliates
own the remaining 50% interest in Samsung Corning Precision. These glass substrates
products are sold primarily in Japan, Korea and Taiwan to manufacturers of liquid
crystal display panels.
The primary competing producers of optical fiber products are Furukawa, OFS,
Fujikura, Sumitomo, Alcatel, Pirelli and Draka. Furukawa (including OFS) is
Cornings largest competitor. For optical fiber cable products, Cornings primary
competitors are Furukawa, OFS, Pirelli, Alcatel, Alcoa Fujikura and Sumitomo.
For hardware and equipment products, significant competitors are 3M Company
("3M"), Tyco Electronics, OFS, CommScope Connectivity Systems, ADC
Communications and Marconi.
Asahi Glass, Nippon Electric Glass and NH Techno are Cornings principal competitors
in display glass
substrates products. In addition, new entrants are seeking to expand their presence
in this business.
Company Address: One Riverfront Plaza Corning 14831 NY
Company Phone Number: 974-9000 Stock Exchange / Ticker: NYSE GLW
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|
Customers Net Income grew by |
GLW's Customers Net Profit Margin fell to |
0.17 % |
-0.13 %
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Stock Performances by Major Competitors |
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Corning Inc
Corning Inc Faces Challenges but Shows Promise for Future Growth Corning Inc, a leading communications equipment company, recently released its financial reports for the fourth quarter of 2023 and the full fiscal year. While the numbers presented some concerning trends, the company's long-term potential and recent improvements in its stock performance suggest a bullish outlook. In the fourth quarter of 2023, Corning Inc experienced a deficit per share of $-0.05 compared to $-0.04 in the same period the previous year. Earnings per share also fell from $0.19 to $0.05, indicating a challenging period for the company. Additionally, revenue receded significantly by -12.096%, dropping from $3.41 billion to $2.99 billion compared to the prior year. Sequentially, there was a -5.641% decrease from $3.17 billion. Moreover, the net deficit increased to $-28.000 million, larger than the $-5.000 million recorded a year earlier.
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Corning Inc
/>Corning Inc., a global leader in advanced glass and ceramic technologies, recently released its financial results for the third quarter of 2023. The report indicates a decline in both revenue and profit, making it an interesting case study for investors and analysts alike. This article aims to shed light on the key facts and implications of the company's performance during the July to September 30, 2023 period. Revenue and Profitability Decline: Corning's financial report reveals a significant drop in its income and profit compared to the previous year. The company's income fell by -20.83% to $0.19 per share, down from $0.24 per share a year earlier. Additionally, the profit plummeted by -42.42% to $0.33 per share from the prior quarter. These figures highlight the challenges faced by Corning during this particular quarter.
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Corning Inc
Corning Inc, a leading technology company, recently released its financial results for the second quarter of 2023. The report indicates a significant decline in both revenues and earnings per share (EPS) compared to the same period last year. Furthermore, several key financial metrics, including operating and net margins, experienced a significant downturn. These results suggest a challenging quarter for Corning Inc, impacting investor sentiment. Financial Results: - Revenues: Corning Inc experienced a 10.29% year-on-year decline in revenue, amounting to $3.24 billion compared to the previous year's $3.62 billion. - EPS Plummeted: The company's EPS plummeted by 50%, falling to $0.33 in contrast to the previous year's $0.66 in the same quarter. - Quarterly Comparisons: Income per Share increased by 65% to $0.33, while revenue surged by 2.045% to $3.24 billion, compared to the preceding quarter. - Net Earnings: Net earnings for the April to June 2023 fiscal period amounted to $303.0 million, representing a 48.12% decrease from the same period the previous year.
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Corning Inc
Corning Inc is facing dire financial straits, with its latest fiscal period reporting a significant decline in earnings per share, revenue, and net earnings. In this period, the EPS has plummeted by a whopping 70.59% to a mere $0.20 per share. This is a stark contrast to the $0.68 per share that the company had been generating a year earlier. Moreover, the company's EPS turned positive from $-0.04 per share from the prior reporting season. This kind of plummet in earnings per share is not a comforting sign for investors. A significant factor exacerbating this downturn is the immense decrease in revenue. The revenue has fallen by 13.641%, amounting to $3.18 billion from the previous $3.68 billion in the comparable reporting season a year before. Furthermore, the revenue sequentially decreased by 6.694% from $3.41 billion. Such a decline in revenue could be disastrous for the business, as this is the measure of its capacity to attract business and generate profits. Unfortunately, in Corning Inc's case, the revenue demonstrates that the company is struggling to retain the business it had secured previously.
|
Per Share |
Current |
Earnings (TTM) |
0.67 $ |
Revenues (TTM) |
14.73 $
|
Cash Flow (TTM) |
0.13 $ |
Cash |
-
|
Book Value |
13.89 $
|
Dividend (TTM) |
1.15 $ |
|
Per Share |
|
Earnings (TTM) |
0.67 $
|
Revenues (TTM) |
14.73 $ |
Cash Flow (TTM) |
0.13 $ |
Cash |
-
|
Book Value |
13.89 $ |
Dividend (TTM) |
1.15 $ |
|
|
|
Telecommunications |
|
Segment |
|
|
of total Revenue |
Display technologies |
|
Segment |
|
|
of total Revenue |
Environmental technologies |
|
Segment |
|
|
of total Revenue |
Life sciences |
|
Segment |
|
|
of total Revenue |
Other technologies businesses |
|
Segment |
|
|
of total Revenue |
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