Corning Incorporated
GLW-
Corning Inc was unchanged at $32.89 after the optical fiber maker reported first quarter sales decreased 7% to $3.14 billion.
The company swung to a net income of $176 million from a loss of $36 million and diluted earnings per share was 20 cents compared to a loss of 4 cents a year ago.
The company forecasted second-quarter sales, earnings per share, and cash flow to increase sequentially, with core sales in the range of $3.4 billion to $3.6 billion and core earnings per share in the range of $0.42 to $0.49.
Apr 26, 2023 -
Corning Inc said fourth quarter loss was primarily driven by restructuring charges and non-cash, mark-to-market adjustments associated with the currency hedging contracts and yen denominated debt.
Jan 31, 2023 -
Corning said revenue in the Q4 decreased 7% to $3.4 billion and the company swung to a net loss of $36 million from a profit of $287 million and diluted EPS was (0.04) compared to 56 cents a year ago.
Jan 31, 2023
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| Trading Volume | 670,121 |
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42.73 - 26.59 |
| Market Cap Full | $ 35.7B |
Quarterly +
| 2026 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Q1 | 188% | -0.1% | 8.2% | 10.4% |
| Q2 | - | -61.5% | 19.4% | -0.7% |
| Q3 | - | -61.5% | 4.3% | -13% |
| Q4 | - | -61.5% | -2.1% | 0.8% |
Monthly +
| J | F | M | A | M | J | J | A | S | O | N | D |
| 2026 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - |
| 2025 | |||||||||||
| -0.1 | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | |||||||||||
| 6.7 | -0.8 | 2.2 | -5.1 | 19.3 | 4.5 | 3 | 4.3 | - | - | - | - |
| 2023 | |||||||||||
| 8.3 | -1.9 | 3.9 | -5.9 | -7.2 | 13.7 | -3.2 | -3.3 | -7.1 | -12.3 | 6.5 | 6.9 |
| 2022 | |||||||||||
| 12.4 | -3.4 | -9.1 | -4.7 | 1.3 | -11.6 | 16.7 | -5.6 | -16.4 | 10 | 7 | -6.4 |
| 2021 | |||||||||||
| -0.2 | 6.6 | 13.8 | 1.6 | -1.3 | -6.3 | 2.3 | -4.4 | -8.8 | -2.5 | 4.3 | 0.8 |
EPS
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Q1 | 0.2 | 0.7 | 0.7 |
| Q2 | 0.3 | 0.7 | -0.4 |
| Q3 | 0.2 | 0.2 | 0.4 |
| Q4 | 0 | -0 | 0.6 |
| A | 0.72 | 1.5 | 1.3 |