The headline numbers for Corning (GLW) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Corning Incorporated (NYSE:GLW ) Q4 2024 Earnings Conference Call January 29, 2025 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman & Chief Executive Officer Ed Schlesinger - Executive Vice President & Chief Financial Officer Conference Call Participants Joe Cardoso - JPMorgan Asiya Merchant - Citi Wamsi Mohan - Bank of America John Roberts - Mizuho Matt Niknam - Deutsche Bank Meta Marshall - Morgan Stanley Tim Long - Barclays James Cannon - UBS George Notter - Jefferies Operator Welcome to the Corning Incorporated Quarter Four 2024 Earnings Call. [Operator Instructions] It is my pleasure to introduce to you Ann Nicholson, Vice President of Investor Relations.
Corning (GLW -2.73%), a leader in specialty glass and ceramics, announced its fourth-quarter results for 2024 on Jan. 29. Highlights included earnings per share (EPS) of $0.57, beating expectations by $0.01, and revenue of $3.87 billion, surpassing estimates of $3.76 billion.
Solid traction in several verticals and optical connectivity products for GenAI applications helped GLW beat fourth-quarter earnings estimates.
Corning (GLW) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.39 per share a year ago.
Corning on Wednesday forecasted first-quarter revenue and profit that beat Wall Street expectations, with the Gorilla Glass-maker expecting robust demand for its optical fiber products for artificial intelligence-related infrastructure.
GLW is expected to report revenue growth year over year in the fourth quarter of 2024, backed by healthy traction in several end markets.
Corning introduces state-of-the-art cover material, Corning Gorilla Armor 2, which offers impressive durability and display clarity for mobile devices.
Corning (GLW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Corning (GLW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Investors interested in stocks from the Communication - Components sector have probably already heard of Corning (GLW) and Arista Networks (ANET). But which of these two companies is the best option for those looking for undervalued stocks?