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Corning Inc  (GLW)
Other Ticker:  
 
    Sector  Technology    Industry Communications Equipment
 
Price: $36.0699 $0.55 1.548%
Day's High: $35.93 Week Perf: 2.73 %
Day's Low: $ 35.44 30 Day Perf: 14.33 %
Volume (M): 537 52 Wk High: $ 36.02
Volume (M$): $ 19,270 52 Wk Avg: $31.50
Open: $35.40 52 Wk Low: $25.26



 Market Capitalization (Millions $) 31,411
 Shares Outstanding (Millions) 871
 Employees 61,200
 Revenues (TTM) (Millions $) 12,385
 Net Income (TTM) (Millions $) 682
 Cash Flow (TTM) (Millions $) 219
 Capital Exp. (TTM) (Millions $) 1,260

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
   


Customers Net Income fell by GLW's Customers Net Profit Margin fell to

-24.92 %

10.08 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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HON   -0.77%    
• View Complete Report
   



Corning Inc

2. Corning Inc. Shows Resilience Amidst Declining Revenue: A Closer Look at the Company's First-Quarter Financial Results

Corning Inc. has recently reported its first-quarter financial results for 2024, showing its resilience in the face of challenging market conditions. Despite a weak revenue in the first quarter, the company managed to grow its earnings per share, with income surging by 20% to $0.24 per share. However, revenue fell by 6.388% to $2.98 billion compared to the prior year.
The positive news is that Corning Inc. expects improving market conditions in the near future. The company's chairman and CEO, Wendell P. Weeks, highlighted that the first quarter is likely to be the low point for the year and expressed optimism about the future. This suggests that Corning Inc. is well-positioned to capitalize on improving market conditions.

Business Update

In a recent public announcement, Corning Incorporated (NYSE: GLW) has revealed its first-quarter financials for 2024, also providing valuable insights and market predictions for the second quarter of the year. Wendell P. Weeks, chairman and chief executive officer at Corning, offered a rather optimistic rundown of the company's current financial state and its projected progress.He stated, ?O...

Published Tue, Apr 30 2024 2:47 PM UTC

Corning Inc. Ascends amidst Challenges: Examining First Quarter 2024 Financials and ForecastIn a recent public announcement, Corning Incorporated (NYSE: GLW) has revealed its first-quarter financials for 2024, also providing valuable insights and market predictions for the second quarter of the year. Wendell P. Weeks, chairman and chief executive officer at Corning, offered ...

Corning Inc

GLW Faces Shortfall as Weak Sales Plague Fourth Quarter of 2023

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.

Corning Inc

Corning Inc.'s Third Quarter Report: Revenue Plunges in Single Digits, Sending Shockwaves Through the Communications Equipment Industry

/>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.

Corning Inc

Corning Inc. Announces Unexpected Downturn in Q2 2023 - Earnings and Revenue Take a Hit Due to Major Drop



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.






 

Corning Inc's Segments
 
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
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Corning Inc does not provide revenue guidance.

Earnings Outlook
Corning Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Canada
Mexico
Asia Pacific
Latin America
Other
Europe




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