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Corning Inc  (GLW)
Other Ticker:  
 
    Sector  Technology    Industry Communications Equipment
 

GLW's Net Income Growth by Quarter and Year

Corning Inc's Net Income results by quarter and year




GLW Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - -28.00 -5.00 487.00
III Quarter September - 182.00 226.00 371.00
II Quarter June - 303.00 584.00 449.00
I Quarter March 225.00 191.00 581.00 599.00
FY   225.00 648.00 1,386.00 1,906.00



GLW Net Income first quarter 2024 Y/Y Growth Comment
Corning Inc reported Net Income increase of 17.8% year on year in the first quarter 2024, to $ 225.00 millions, this is lower than Corning Inc's recent average Net Income surge of 160.04%.

Looking into first quarter 2024 results within Communications Equipment industry 2 other companies have achieved higher Net Income growth. While Corning Inc' s Net Income growth of 17.8% ranks overall at the positon no. 515 in the first quarter 2024.




GLW Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - - - 93.25 %
III Quarter September - -19.47 % -39.08 % -13.11 %
II Quarter June - -48.12 % 30.07 % -
I Quarter March 17.8 % -67.13 % -3.01 % -
FY   - -53.25 % -27.28 % 272.27 %

Financial Statements
Corning Inc's first quarter 2024 Net Income $ 225.00 millions GLW's Income Statement
Corning Inc's first quarter 2023 Net Income $ 191.00 millions Quarterly GLW's Income Statement
New: More GLW's historic Net Income Growth >>


GLW Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - - - 31.27 %
III Quarter September - -39.93 % -61.3 % -17.37 %
II Quarter June - 58.64 % 0.52 % -25.04 %
I Quarter March - - 19.3 % 137.7 %
FY (Year on Year)   - -53.25 % -27.28 % 272.27 %




Net Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry #3
Technology Sector #44
Overall #515

Net Income Y/Y Growth Statistics
High Average Low
5728.57 % 160.04 % -98.64 %
(March 31, 2010)   (March 31, 2009)
Net Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry #3
Technology Sector #44
Overall #515
Net Income Y/Y Growth Statistics
High Average Low
5728.57 % 160.04 % -98.64 %
(March 31, 2010)   (March 31, 2009)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Corning Inc's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
0 % 0 % 0 %
 


GLW's I. Quarter Q/Q Net Income Comment
I. Quarter 2024Cyclical Corning Inc in the influence net loss of $ 225.00 millionsCyclical influence appear to have led to Corning Inc's restoration of recovery, as GLW clinchesNet Income of $ 225.00 millions in the I. Quarter 2024 coming of net loss-28.00 millions in the fourth quarter. Corning Inc announced in the I. Quarter 2024 Net Income of $ 225.00 millions compare to net loss recorded in previos quarter.

Within Communications Equipment industry Corning Inc achieved highest sequential Net Income growth. While Corning Inc's Net Income growth quarter on quarter, overall rank is .


Net Income Q/Q Growth Company Ranking
Within: No.
Communications Equipment Industry #
Technology Sector #
Overall #
Net Income Q/Q Growth Company Ranking
Within: No.
Communications Equipment Industry #
Technology Sector #
Overall #
Net Income Q/Q Growth Statistics
High Average Low
0 % 0 % 0 %
 


GLW's I. Quarter Q/Q Net Income Comment
I. Quarter 2024Periodic Corning Inc in the factors net loss of $ 225.00 millionsPeriodic factors seem to have added to Corning Inc's return to recovery, as GLW clinchesNet Income of $ 225.00 millions in the I. Quarter 2024 coming of net loss-28.00 millions in the fourth quarter. Corning Inc announced in the I. Quarter 2024 Net Income of $ 225.00 millions compare to net loss recorded in previos quarter.

Within Communications Equipment industry Corning Inc achieved highest sequential Net Income growth. While Corning Inc's Net Income growth quarter on quarter, overall rank is .


Corning Inc's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
Cumulative Net Income 12 Months Ending $ 682.00 $ 648.00 $ 671.00 $ 715.00 $ 996.00
Y / Y Net Income Growth (TTM) -31.53 % -53.25 % -64.27 % -64.66 % -47.25 %
Year on Year Net Income Growth Overall Ranking # 1293 # 1609 # 1872 # 1945 # 1849
Seqeuential Net Income Change (TTM) 5.25 % -3.43 % -6.15 % -28.21 % -28.14 %
Seq. Net Income Growth (TTM) Overall Ranking # 1293 # 1609 # 1872 # 1945 # 1849




Cumulative Net Income growth Comment
Corning Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Dec 31 2023. If the fiscal year would end in Mar 31 2024, Corning Inc's annual Net Income drop would be -31.53% year on year to $682 millions.

In the Technology sector 142 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 1293, from total ranking in previous quarter at 1609.

Net Income TTM Q/Q Growth Statistics
High Average Low
1173.3 %
61.04 %
-132.84 %
(Sep 30 2017)  

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry # 5
Technology Sector # 143
Overall # 1450

Net Income TTM Y/Y Growth Statistics
High Average Low
1173.3 %
61.04 %
-132.84 %
(Sep 30 2017)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 122
S&P 500 # 1250
Cumulative Net Income growth Comment
Corning Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Dec 31 2023. If the fiscal year would end in Mar 31 2024, Corning Inc's annual Net Income drop would be -31.53% year on year to $682 millions.

In the Technology sector 142 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 1293, from total ranking in previous quarter at 1609.

Net Income TTM Q/Q Growth Statistics
High Average Low
1173.3 %
61.04 %
-132.84 %
(Sep 30 2017)  


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry # 5
Technology Sector # 143
Overall # 1450

Net Income TTM Y/Y Growth Statistics
High Average Low
1173.3 %
61.04 %
-132.84 %
(Sep 30 2017)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 122
S&P 500 # 1250




Other Net Income Growth
Communications Equipment Industry Net Income Growth Trends and Statistics
Technology Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
GLW's Net Income Growth Ratio versus Communications Equipment Industry, Technology Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for GLW's Competitors
Net Income Growth for Corning Inc's Suppliers
Net Income Growth for GLW's Customers

You may also want to know
GLW's Annual Growth Rates GLW's Profitability Ratios GLW's Asset Turnover Ratio GLW's Dividend Growth
GLW's Roe GLW's Valuation Ratios GLW's Financial Strength Ratios GLW's Dividend Payout Ratio
GLW's Roa GLW's Inventory Turnover Ratio GLW's Growth Rates GLW's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Mar 31 2024 within Technology SectorY/Y Change %Net Income for the quarter ending Mar 31 2024
Esco Technologies inc 29.87%$ 29.875 millions
Amphenol Corporation24.69%$ 24.689 millions
Taskus Inc 23.19%$ 23.189 millions
Fortinet Inc 20.83%$ 20.832 millions
Fortive Corporation19.47%$ 19.470 millions
Corning Inc17.80%$ 17.801 millions
Logitech International s a 17.76%$ 17.764 millions
Sps Commerce Inc 17.75%$ 17.751 millions
Caci International Inc14.50%$ 14.500 millions
Epam Systems Inc 13.64%$ 13.638 millions
Automatic Data Processing Inc 13.59%$ 13.594 millions
Nortech Systems Incorporated12.33%$ 12.335 millions
Allient Inc9.30%$ 9.295 millions




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