The recent market sell-off has felt rather painful. It's certainly been a while since we've witnessed stocks falling into an extended losing streak.
Corning (NYSE: GLW) recently reported its Q2 results, with revenues and earnings aligning with the street estimates. The company reported core revenue of 3.6 billion and adjusted earnings of $0.47 per share, driven by strong demand for its optical connectivity products for generative AI.
Investors interested in Communication - Components stocks are likely familiar with Corning (GLW) and Arista Networks (ANET). But which of these two stocks offers value investors a better bang for their buck right now?
Q2 earnings matched estimates on modest growth in enterprise sales. Fiber sales are up on the need for faster AI.
Shares of Corning (GLW), a beneficiary of the artificial intelligence (AI) boom, tumbled Tuesday after the specialty glass maker's second-quarter results and current-quarter guidance missed analysts' expectations.
Corning (GLW) reports a top-line expansion year over year, backed by rising demand for optical connectivity products. Solid growth in free cash flow is a tailwind.
The headline numbers for Corning (GLW) give insight into how the company performed in the quarter ended June 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 ) Q2 2024 Earnings Conference Call July 30, 2024 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 Asiya Merchant - Citi Samik Chatterjee - JPMorgan Steven Fox - Fox Advisors LLC Martin Yang - OpCo Ruplu Bhattacharya - Bank of America Securities Mehdi Hosseini - Susquehanna International Group James Cannon - UBS Meta Marshall - Morgan Stanley Tim Long - Barclays George Notter - Jefferies Operator Welcome to the Corning Incorporated Quarter Two 2024 Earnings Call. [Operator Instructions] It is my pleasure to introduce to you, Ann Nicholson, Vice President of Investor Relations.
Specialty glass maker Corning forecast current-quarter profit largely below Wall Street estimates on Tuesday, blaming a slowdown in demand for its clean-air technologies, even as it saw robust sales for its optical fiber products.
Corning (GLW) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.45 per share a year ago.
Corning reports adjusted second-quarter earnings of 47 cents a share on revenue of $3.6 billion.
Get a deeper insight into the potential performance of Corning (GLW) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.