While the top- and bottom-line numbers for Corning (GLW) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Corning (GLW) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.38 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Corning (GLW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
Corning is positioned to benefit from AI infrastructure growth, particularly in optical connectivity, driving demand for fiber connections in data centers. The Springboard plan targets $4B in sales and 20% operating margin by 2026, fueled by AI product adoption. Corning's other diversified segments provide a financial cushion, allowing it to capitalize on the AI boom.
Corning is expected to report a top-line growth year over year in the first quarter of 2025, backed by solid momentum in multiple segments.
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Corning's diversified business model spans optical communications, display technologies, specialty materials, environmental technologies, and life sciences, driving balanced growth and strong financial performance. The "Springboard" strategic plan aims to accelerate revenue and achieve a 20% operating margin, with significant contributions from optics and specialty materials. Corning's financial health is robust, with controlled costs, strong EBITDA, and a moderate debt burden, supporting ongoing investments and shareholder returns.
Corning (GLW) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
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.
BOCA RATON, Fla.--(BUSINESS WIRE)-- #5G--Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today announced the successful completion of its acquisition of Corning Incorporated's (NYSE:GLW) wireless business. With the acquisition now finalized, Airspan assumes full ownership and operational control of Corning's wireless assets, including its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access network (R.
Corning's advanced GlassWorks AI solution is set to support growing fiber densification requirements in data centers and generative AI use cases.
GLW's Corning Gorilla Glass Ceramic has added a new dimension to the toughness quotient of mobile devices.