Corning Incorporated

GLW

US2193501051

Electronic Equipment & Parts

Market Closed - Nyse Other stock markets 01:30:02 18/07/2024 am IST			Pre-market 04:41:01 pm
45.84 ^USD	-0.78%		45.75	-0.20%

12/07	Citigroup Adjusts Price Target on Corning to $51 From $45	MT
10/07	Corning Strong Q2 Performance Fueled by Optical Sales Due to Early AI Data Center Orders, Oppenheimer Says	MT

Corning Incorporated Reports Earnings Results for the Fourth Quarter Ended December 31, 2020

January 27, 2021 at 05:59 pm IST

Corning Incorporated announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was USD 3,350 million compared to USD 2,817 million a year ago. Operating income was USD 476 million compared to USD 147 million a year ago. Net income was USD 252 million compared to USD 32 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.01 a year ago. For the full year, sales was USD 11,303 million compared to USD 11,503 million a year ago. Operating income was USD 509 million compared to USD 1,306 million a year ago. Net income was USD 512 million compared to USD 960 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 1.11 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to USD 1.07 a year ago.

Latest news about Corning Incorporated

Citigroup Adjusts Price Target on Corning to $51 From $45	12/07	MT
Corning Strong Q2 Performance Fueled by Optical Sales Due to Early AI Data Center Orders, Oppenheimer Says	10/07	MT
Oppenheimer Raises Corning's Price Target to $50 From $40, Outperform Rating Maintained	10/07	MT
US Equities Markets End Mixed Tuesday Even as Fed Chair Powell Says Inflation Improving	10/07	MT
Equity Markets Mostly Rise Intraday After Fed Chair Powell's Comments	09/07	MT
Top Midday Gainers	09/07	MT
US Stocks Shake Off Early Jitters From Powell Remarks Before Congress, Led by Rate-Sensitive Equities	09/07	MT
Corning 'Outperformance' Driven by Optical Upside From GenAI, Morgan Stanley Says	09/07	MT
JPMorgan Adjusts Price Target on Corning to $47 From $43	09/07	MT
UBS Raises Price Target on Corning to $44 From $38, Maintains Neutral Rating	09/07	MT
Deutsche Bank Adjusts Corning's Price Target to $46 From $39, Keeps Hold Rating	09/07	MT
Argus Adjusts Price Target on Corning to $50 From $40	09/07	MT
HSBC Upgrades Corning to Hold From Reduce, Adjusts Price Target to $37 From $29	09/07	MT
Top Midday Gainers	08/07	MT
Morgan Stanley Adjusts Corning's Price Target to $39 From $38, Maintains Equalweight Rating	08/07	MT
Corning Shares Rise After Q2 Core Sales Outlook Boosted	08/07	MT
Fox Advisors Adjusts Price Target on Corning to $50 From $45	08/07	MT
Corning raises second-quarter core sales forecast driven by AI boom	08/07	RE
Corning Incorporated Updates Earnings Guidance for the Second Quarter of 2024	08/07	CI
Deutsche Bank Adjusts Price Target on Corning to $39 From $35, Maintains Hold Rating	03/07	MT
Corning Maintains Quarterly Dividend at $0.28 a Share, Payable Sept. 27 to Shareholders of Record Aug. 30	26/06	MT
Corning Incorporated Announces Quarterly Dividend, Payable on September 27, 2024	26/06	CI
Citigroup Adjusts Price Target on Corning to $45 From $38	21/06	MT
Mizuho Adjusts Price Target on Corning to $42 From $36, Keeps Neutral Rating	18/06	MT
Fox Advisors Upgrades Corning to Outperform From Equal Weight, $45 Price Target	17/06	MT

Chart Corning Incorporated

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Company Profile

Corning Incorporated is the world leader of the production and the marketing of substrata of glass and ceramic of specialty. Net sales break down by market as follows: - telecommunications (29.6%): products of fiber optical, cables, etc. for networks of communication; - electronic large public (26%): glass substrata intended for screens of televisions sets LCD, PC and laptops; - environment (13%): substrata of ceramic and filters intended for systems fight against vehicles emissions; - life science (7.1%): in particular optical biosensors for pharmaceutical research; - other (24.3%): solutions based on plastic and glass of specialty intended notably to the sectors of semiconductors, aerospace, defense, astronomy and metrology. Net sales are distributed geographically as follows: the United States (32.7%), North America (3%), Asia/Pacific (51.5%), Europe (11.3%) and other (1.5%).

Sector

Electronic Equipment & Parts

Calendar

30/07/2024 - Q2 2024 Earnings Release

Related indices

S&P 500

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Income Statement Evolution

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Analysis / Opinion

Corning's Valuation Covers Expected Near-Term Gains, Fiber Demand Upside, Morgan Stanley Says

June 13, 2024 at 10:21 pm IST

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Ratings for Corning Incorporated

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

45.84 USD

Average target price

41.89 USD

Spread / Average Target

-8.61%

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