| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 3B | -1% |
| Gross Profit | 993MM | +9% |
| Cost Of Revenue | 2B | -5% |
| Operating Income | 254MM | - |
| Operating Expenses | 739MM | - |
| Net Income | 209MM | -622% |
| G&A | 451MM | -12% |
| Amortization | 30MM | - |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
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Corning ( NYSE:GLW ) First Quarter 2024 Results Key Financial Results Revenue: US$2.98b (down 6.4% from 1Q 2023). Net...
Insightful Analysis of Corning Inc's Strengths, Weaknesses, Opportunities, and Threats
CORNING, N.Y., May 02, 2024--Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 27, 2024, to shareholders of record on May 31, 2024.
Corning Incorporated (NYSE:GLW) Q1 2024 Earnings Call Transcript April 30, 2024 Corning Incorporated beats earnings expectations. Reported EPS is $0.39, expectations were $0.36. GLW isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Welcome to the Corning Incorporated Quarter One 2024 […]
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Companies In The News Are: PYPL, LLY, MMM, GLW.
Corning showcases robust Q1 2024 results, emphasizing growth in Display Technologies and strategic expansions in Optical Communications.
Q1 2024 Corning Inc Earnings Call
Corning Inc (NYSE:GLW) reported a fiscal first-quarter 2024 core sales decline of 3% year-on-year to $3.26 billion, beating the consensus of $3.12 billion. The Apple Inc (NASDAQ:AAPL) glass supplier’s core EPS of $0.38 beat the consensus of $0.35. Display Technologies’ sales grew by 14% year over year to $872 million, driven by higher volume and pricing actions in the second half of 2023. However, sales remained flattish quarter over quarter. Optical Communications sales declined 17% year over y
Despite signs of recovery in several end markets, lower demand stemming from inventory corrections in the Optical Communications and Life Sciences vertical impedes Corning's (GLW) top line.