GLW Earnings Prediction
The chart below shows how GLW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GLW sees a -0.05% change in stock price 10 days leading up to the earnings, and a -0.09% change 10 days following the report. On the earnings day itself, the stock moves by +0.75%. This data can give you a slight idea of what to expect for the next quarter's release.
GLW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.39B
6.87%
4.31%
Gross Margin
32.62%
6.25%
15.39%
Operating Margin
8.91%
19.76%
55.77%
Net Margin
-2.80%
-148.78%
-174.67%
EPS
-0.14
-173.68%
-216.67%
No Data Available
GLW Earnings Analysis
Corning Incorporated Corporation (GLW.N) Earnings Conference Call
Positive
Sales and EPS Growth: Sales grew 8% year-over-year to $3.73 billion, and EPS grew 20% to $0.54.
Operating Margin Expansion: Operating margin expanded 160 basis points year-over-year to 18.3%.
Strong Free Cash Flow: Generated strong free cash flow of $553 million.
Enterprise Sales Growth: Sales in the Enterprise business grew 55%, driven by continued strong adoption of our new optical connectivity products for Generative AI.
Projected Net Income Margin: We expect to deliver net income of $900 million to $950 million next year with a net income margin of 25%.
Negative
Quarterly Sales Increase: Sales for the third quarter were $1.2 billion, up 36% year-over-year, but net income for the quarter was $175 million, which reflects a lower volume.
Environmental Technologies Sales Decline: In the Environmental Technologies segment, third quarter sales were $382 million, down 11% sequentially reflecting the continued impact of the Class 8 truck down cycle in North America.
Net Income Decline: Net income of $75 million was down sequentially, reflecting lower volume in the Environmental Technologies segment.
Heavy-Duty Market Outlook: We expect the heavy-duty market weakness to continue and sales and environmental to remain muted in the fourth quarter.
Sales and Profit Growth: Our third quarter results demonstrate the sales growth and the powerful incremental profit and cash flow we expect to deliver as we improve our return profile.
GLW FAQs
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GLW Earning Call Sentiment
Corning Incorporated (GLW) Q3 2024 Earnings Call Transcript
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GLW.N
-8.7%Positive
The earnings call summary shows strong financial performance with record sales in optical communications and significant EPS growth. The share buyback program and positive guidance for Q3 2024 further boost sentiment. While the Q&A highlighted some uncertainties, such as the impact of the Lumen deal and vague responses, the overall sentiment remains positive due to strong market demand, especially in AI-related products, and improved margins. The company's strategic partnerships and commitments to shareholder returns also support a positive stock price movement prediction.