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Corning Inc  (GLW)
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    Sector  Technology    Industry Communications Equipment


 

Corning Inc

GLW's Financial Statements and Analysis



Corning Inc reported in III. Quarter net earnings per share of $0.24 a decrease by -44.19 % year on year from $0.43 and decline of -63.64 % from $0.66 earned in II. Quarter (Jun 30 2022).


III. Quarter
Earnings Per Share Revenues
$ 0.24 $  3,488 Mill
$-0.19     -44.19 % $-127M     -3.51 %



Corning Inc's Revenue fell by -3.51 % in III. Quarter (Sep 30 2022) year on year, to $3,488 million and declined by -3.51 % sequentially.


Corning Inc is Expected to report next financial results on February 13, 2023.

More on GLW's Income Statement





       
  • Telecommunications 16.62% Y/Y    
     
       
  • Display technologies -20.06% Y/Y,
• Environmental technologies -8.77% Y/Y,
• Life sciences -5.38% Y/Y,
• Other technologies businesses -8.72% Y/Y
   
     


GLW's Segments

Corning Inc's net income of $226.000 million in III. Quarter decreased by -39.08 % from net earnings of $371.000 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -61.3 % from net income of $584.000 million realized in previous quarter.

More on GLW's Growth

Corning Inc Income Growth by Division

• Environmental technologies -2.13% Y/Y • Telecommunications 26.23% Y/Y,
• Display technologies 7.45% Y/Y,
• Life sciences 0% Y/Y,
• Other technologies businesses 12.82% Y/Y

Inventories grew by 19.81 % to $2,951 million from III. Quarter a year ago, sequentially inventories rose by 4.09 %. GLW's Cash flow In III. Quarter company's net cash flow was $1 million, capital expenditures fell by 15.96%, to $-465 millions compare to same quarter a year ago and fell by 31.73% from II. Quarter (Jun 30 2022).

More on GLW's Cash flow Statement


Corning Inc payed out dividend of $1.07 per share in last 52 weeks representing 50.23 % of net earning per share in trailing twelve-month period.

During the same period Corning Inc earned $ 3.49 cash per share, on a free-cash flow basis 163.65 % of net earning per share.