corning earnings date

Profitability growth is estimated to outpace sales growth as Corning’s cost-control efforts have enhanced operating leverage.The Zacks Consensus Estimate for the Optical Communications segment’s net sales is pegged at $927 million.

Investor Contacts. You must click the link in the email to activate your subscription. The bottom line surpassed the Zacks Consensus Estimate by 14 cents. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The bad news for Corning (NYSE:GLW) comes from its revenue of $2.81 billion for the first quarter of the year. “Overall, our decisive action and operational execution resulted in positive free cash flow and continued leadership in the capabilities that make Corning distinctive.

The reduction in net income was driven by lower sales. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Corning Earnings: Why GLW Stock Is Sliding Lower Today, 7 Outdated Tech Stocks to Sell Before It’s Too Late, Louis Navellier and the InvestorPlace Research Staff, Don’t Chase CIIG Merger in the EV Stock Buying Frenzy, Matt McCall and the InvestorPlace Research Staff, What Did the Stock Market Do? “On the COVID-19 front, we continue to seek ways to leverage our deep technology, manufacturing, and engineering capabilities to combat the pandemic directly.

Corning (NYSE:GLW) announced its quarterly earnings data on Tuesday. These reconciliations also accompany this news release. Corning had a return on equity of 11.59% and a net margin of 1.89%.

Wendell P. Weeks, chairman and chief executive officer, said, “During the second quarter, we made great strides in positioning Corning to emerge stronger from the global health crisis and resume growth. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning, NY 14831 1-888-CORNING (267-6464) irinfo@corning.com. Sales, net income, EPS, and free cash flow all increased sequentially. The firm had revenue of $3.01 billion […] As a result, sales were down 38% year over year. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. Argus increased their price target on Corning from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, September 11th. The stock has a fifty day moving average price of $33.31 and a two-hundred day moving average price of $28.07. Nasdaq © 2020, Nasdaq, Inc. All Rights Reserved. Yes! Corning last announced its quarterly earnings data on October 27th, 2020. Corning earnings for the first quarter of 2019 have GLW stock falling on Tuesday. GLW stock was down 4% as of noon Tuesday, but is up 13% since the start of the year. Box 505000 Louisville, KY 40233 - 5000 1-800-255-0461 www.computershare.com. )+[a-z]{2,})$/i, failureMessage: "A valid email address is required"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom11 = document.querySelector('#form1783 #field11');var field11 = new LiveValidation(dom11, {validMessage: "", onlyOnBlur: false, wait: 300});field11.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. There can be no assurance that future developments will be in accordance with management’s expectations. Corning expects third-quarter sales to grow in a low-teen percentage sequentially. 1-888-CORNING (267-6464) Find the latest Earnings Report Date for Corning Incorporated Common Stock (GLW) at Nasdaq.com.

Q2 2020 (Jun 2020) EPS of $0.25 beat by $0.11 Revenue of $2.59B (-13.33% YoY) beat by $175.61M Q1 2020 (Mar 2020) EPS of $0.20 beat by $0.01 Revenue of $2.53B (-11.26% YoY) beat by $55.89M Q4 …

Do Not Sell My Personal Information (CA Residents Only). The shares were sold at an average price of $32.47, for a total value of $1,783,154.99. Louisville, KY 40233 - 5000 We refer you to the documents the Company files from time to time with the Securities and Exchange Commission, specifically, the Company's most recent Form 10-K, Form 10-Q, and Form 10-Q/A. Our proven model doesn’t conclusively predict an earnings beat for Corning this season. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts. To receive notifications via email, enter your email address and select at least one subscription below. After submitting your information, you will receive an email. Actual results could differ materially from those expected by us, depending on the outcome of various factors. 1125 N. Charles St, Baltimore, MD 21201. 0.47% of the stock is currently owned by corporate insiders. However, it was a blow to GLW stock by missing Wall Street’s revenue estimate of $2.83 billion for the quarter. Computershare Trust Company, N.A. The electronics maker reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.05, MarketWatch Earnings reports. Net income was up 34% year over year on higher sales volume. Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: the duration and severity of the COVID-19 (coronavirus) pandemic, and its ultimate impact across our businesses on demand, operations and global supply chains; the effects of acquisitions, dispositions and other similar transactions; global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, euro, Chinese yuan and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; the impacts of audits by taxing authorities; and the potential impact of legislation, government regulations, and other government action and investigations. Corning Incorporated has confirmed Earnings date and time. To receive notifications via email, enter your email address and select at least one subscription below. For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q.

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Article printed from InvestorPlace Media, https://investorplace.com/2019/04/corning-earnings-drop-glw-stock/.

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