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Corning Inc's Net Profit Margin by quarter
Trends, Rankings, Statistics
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Select the Comparisons :
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Select the Ratio:
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| GLW Net Profit Margin |
(Jun 30 2024)
Q2 |
(Mar 31 2024)
Q1 |
(Dec 31 2023)
Q4 |
(Sep 30 2023)
Q3 |
(Jun 30 2023)
Q2 |
| Y / Y Revenue Change |
0.25 % |
-6.39 % |
-12.1 % |
-9.03 % |
-10.29 % |
| Seq. Revenue Change |
9.28 % |
-0.63 % |
-5.64 % |
-2.16 % |
2.05 % |
| Revenue In Millions |
$3,251.00 |
$2,975.00 |
$2,994.00 |
$3,173.00 |
$3,243.00 |
| Net Profit Margin |
3.75 % |
7.56 % |
-0.94 % |
5.74 % |
9.34 % |
| Net Profit Margin Total
Ranking |
# 1659 |
# 1317 |
# |
# 1804 |
# 1470 |
| Net Income In Millions |
$122.00 |
$225.00 |
$-28.00 |
$182.00 |
$303.00 |
| Y / Y Net Income Change |
-59.74 % |
17.8 % |
- |
-19.47 % |
-48.12 % |
| Seq. Net Income Change |
-45.78 % |
- |
- |
-39.93 % |
58.64 % |
| Commenting Second Quarter 2024 Net Profit Margin |
Company's Net Profit Margin sequentially deteriorated to 3.75 % due to increase in total costs and taxes and despite Revenue increase of 9.28 % to $3,251 millions.
Company's Net Profit Margin in II. Quarter, was lower than company average.
Observing second quarter 2024 results within Communications Equipment industry 4 other companies have achieved higher Net Profit Margin. While Net Profit Margin overall ranking has deteriorated compare to previous quarter from 1317 to 1659.
Net Margin Formula
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| GLW's Net Profit Margin second quarter 2024 Company Ranking |
| Within: |
No. |
| Communications Equipment Industry |
# 5 |
| Technology Sector |
# 186 |
| Overall |
# 1657 |
| Net Profit Margin Statistics |
| High |
Average |
Low |
| 189.78 % |
27.3 % |
1.14 % |
| (June 30. 2008) |
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(Dec 31 2019) |
| Companies with similar Net Profit Margin in the quarter ending Jun 30 2024, within Communications Equipment Industry | Net Profit Margin | Jun 30 2024 MRQ Net Income | Jun 30 2024 MRQ Revenue | | Belden Inc | 8.11 % | $ 49.034 Millions | $ 604.336 Millions | | Corning Inc | 3.75 % | $ 122.000 Millions | $ 3,251.000 Millions | | Inseego Corp | 1.06 % | $ 0.624 Millions | $ 59.040 Millions | | Iteris inc | 0.86 % | $ 0.392 Millions | $ 45.340 Millions |
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