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Corning Inc  (GLW)
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    Sector  Technology    Industry Communications Equipment
 

GLW's Operating Income Growth by Quarter and Year

Corning Inc's Operating Income results by quarter and year




GLW Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 78.00 86.00 483.00 476.00
III Quarter September 236.00 292.00 552.00 257.00
II Quarter June 279.00 490.00 575.00 -103.00
I Quarter March 297.00 570.00 502.00 -121.00
FY   890.00 1,438.00 2,112.00 509.00



GLW Operating Income fourth quarter 2023 Y/Y Growth Comment
Corning Inc reported decrease in Operating Income in the fourth quarter 2023 by -9.3% to $ 78.00 millions, from the same quarter in 2022.
The decrease in the fourth quarter 2023 Corning Inc's Operating Income compares unfavorably to the Company's average Operating Income jump of 52.7%.

Looking into fourth quarter 2023 results within Communications Equipment industry 2 other companies have achieved higher Operating Income growth. While Corning Inc' s Operating Income decline of -9.3% ranks overall at the positon no. 452 in the fourth quarter 2023.

Explain Operating Income growth


GLW Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -9.3 % -82.19 % 1.47 % 223.81 %
III Quarter September -19.18 % -47.1 % 114.79 % -29.59 %
II Quarter June -43.06 % -14.78 % - -
I Quarter March -47.89 % 13.55 % - -
FY   -38.11 % -31.91 % 314.93 % -61.03 %

Financial Statements
Corning Inc's fourth quarter 2023 Operating Income $ 78.00 millions GLW's Income Statement
Corning Inc's fourth quarter 2022 Operating Income $ 86.00 millions Quarterly GLW's Income Statement
New: More GLW's historic Operating Income Growth >>


GLW Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -66.95 % -70.55 % -12.5 % 85.21 %
III Quarter September -15.41 % -40.41 % -4 % -
II Quarter June -6.06 % -14.04 % 14.54 % -
I Quarter March 245.35 % 18.01 % 5.46 % -
FY (Year on Year)   -38.11 % -31.91 % 314.93 % -61.03 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry #3
Technology Sector #66
Overall #452

Operating Income Y/Y Growth Statistics
High Average Low
1069.44 % 52.7 % -91.04 %
(Sep 30 2021)   (Sep. 30, 2009)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry #3
Technology Sector #66
Overall #452
Operating Income Y/Y Growth Statistics
High Average Low
1069.44 % 52.7 % -91.04 %
(Sep 30 2021)   (Sep. 30, 2009)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Corning Inc's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
750 % 23.18 % -88.36 %
(June 30. 2006)  


GLW's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Corning Inc reported fall in Operating Income from the third quarter by -66.95% to $ 78.00 millions, from $ 236.00 millions released in the previous reporting period.

It's not huge problem, as Corning Inc's Operating Income frequently tend to plunge in this quarter Joaquim Freitas, an industry observer situated in Porto noted.

Within Communications Equipment industry 4 other companies have achieved higher Operating Income quarter on quarter growth. While Corning Inc's Operating Income growth quarter on quarter, overall rank is 537.


Operating Income Q/Q Growth Company Ranking
Within: No.
Communications Equipment Industry #5
Technology Sector #84
Overall #537
Operating Income Q/Q Growth Company Ranking
Within: No.
Communications Equipment Industry #5
Technology Sector #84
Overall #537
Operating Income Q/Q Growth Statistics
High Average Low
750 % 23.18 % -88.36 %
(June 30. 2006)  


GLW's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Corning Inc reported fall in Operating Income sequentially by -66.95% to $ 78.00 millions, from $ 236.00 millions declared in the previous quarter.

It's not huge concern, as IV. Quarter Operating Income always gravitate to dip in this quarter Joaquim Freitas, an industry observer situated in Porto told.

Within Communications Equipment industry 4 other companies have achieved higher Operating Income quarter on quarter growth. While Corning Inc's Operating Income growth quarter on quarter, overall rank is 537.


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


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 890.00 $ 898.00 $ 954.00 $ 1,165.00 $ 1,438.00
Y / Y Operating Income Growth (TTM) -38.11 % -51.06 % -54.46 % -46.56 % -31.91 %
Year on Year Operating Income Growth Overall Ranking # 490 # 294 # 182 # 30 # 56
Seqeuential Operating Income Change (TTM) -0.89 % -5.87 % -18.11 % -18.98 % -21.63 %
Seq. Operating Income Growth (TTM) Overall Ranking # 452 # 292 # 314 # 203 # 1293




Cumulative Operating Income growth Comment
Corning Inc showed decline, but improvement compare to trailing twelve month Operating Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Corning Inc's annual Operating Income fall would be -38.11% year on year to $890 millions.

In the Technology sector 68 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 294 to 490.

Operating Income TTM Q/Q Growth Statistics
High Average Low
1069.44 %
52.7 %
-91.04 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry # 3
Technology Sector # 69
Overall # 490

Operating Income TTM Y/Y Growth Statistics
High Average Low
1069.44 %
52.7 %
-91.04 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 66
S&P 500 # 452
Cumulative Operating Income growth Comment
Corning Inc showed decline, but improvement compare to trailing twelve month Operating Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Corning Inc's annual Operating Income drop would be -38.11% year on year to $890 millions.

In the Technology sector 68 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 294 to 490.

Operating Income TTM Q/Q Growth Statistics
High Average Low
1069.44 %
52.7 %
-91.04 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry # 3
Technology Sector # 69
Overall # 490

Operating Income TTM Y/Y Growth Statistics
High Average Low
1069.44 %
52.7 %
-91.04 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 66
S&P 500 # 452




Other Operating Income Growth
Communications Equipment Industry Operating Income Growth Trends and Statistics
Technology Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
GLW's Operating Income Growth Ratio versus Communications Equipment Industry, Technology Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for GLW's Competitors
Operating Income Growth for Corning Inc's Suppliers
Operating 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 Operating Income drop for the quarter ending Dec 31 2023 within Technology SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Thermo Fisher Scientific Inc -0.38%$ -0.376 millions
Amdocs Limited-1.63%$ -1.626 millions
Viavi Solutions Inc -2.18%$ -2.183 millions
Sony Group Corporation-2.89%$ -2.885 millions
Kimball Electronics Inc -5.03%$ -5.026 millions
Playtika Holding Corp -6.47%$ -6.469 millions
Nve Corp-7.23%$ -7.226 millions
Bentley Systems Incorporated-7.33%$ -7.326 millions
Nxp Semiconductors N v -7.45%$ -7.449 millions
Vishay Precision Group Inc -7.95%$ -7.955 millions
Wipro Limited-8.11%$ -8.112 millions
Gen Digital Inc -8.97%$ -8.967 millions
Gartner Inc -9.30%$ -9.300 millions
Corning Inc-9.30%$ -9.302 millions
Consensus Cloud Solutions Inc -10.01%$ -10.010 millions
Nova Ltd -11.78%$ -11.784 millions
Unisys Corp-12.00%$ -12.000 millions
Vizio Holding Corp -12.50%$ -12.500 millions
On Semiconductor Corporation-13.09%$ -13.091 millions
Perficient Inc -13.20%$ -13.196 millions
N able Inc -16.21%$ -16.211 millions
Ubiquiti Inc -16.57%$ -16.569 millions
Rockwell Automation Inc -19.86%$ -19.861 millions
Lattice Semiconductor Corp-20.12%$ -20.118 millions
Plexus Corp -21.25%$ -21.247 millions
Kaltura Inc -22.38%$ -22.380 millions
Premier Inc -25.49%$ -25.489 millions
Epam Systems Inc -28.15%$ -28.146 millions
Materion Corporation-29.48%$ -29.475 millions
Amkor Technology Inc -29.51%$ -29.508 millions




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