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Corning (GLW)
NYSE:GLW
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.5Last Year’s EPS
0.38Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: 1.25%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance across key segments, particularly in Optical Communications and Display Technologies, with significant sales and EPS growth. Despite some challenges in Environmental Technologies and potential external risks, the overall outlook remains positive with the company tracking ahead of its strategic goals.Company Guidance
During the Corning Incorporated Quarter Four 2024 earnings call, guidance for the upcoming quarters was provided with a strong emphasis on continued growth and the successful implementation of the Springboard plan. The company reported year-over-year sales growth of 18% to $3.9 billion and a 46% increase in EPS to $0.57, alongside an expansion of the operating margin by 220 basis points to 18.5%. Corning aims to achieve more than $3 billion in annualized sales and a 20% operating margin by the end of 2026. For the first quarter of 2025, the company expects sales to grow 10% year-over-year to approximately $3.6 billion, with core EPS rising by approximately 30% to a range of $0.48 to $0.52. The company also highlighted its achievements in Optical Communications and Display Technologies as key drivers of outperformance against its high-confidence plan.Record Sales and EPS Growth
In Q4 2024, Corning grew sales by 18% year-over-year to a record $3.9 billion and increased EPS by 46% to $0.57. Operating margin expanded by 220 basis points to 18.5%.
Strong Free Cash Flow
Corning generated $1.25 billion in free cash flow for 2024, up 42% year-over-year.
Optical Communications Growth
Optical Communications sales were $1.37 billion in Q4, up 51% year-over-year, with Enterprise business growing 93% in the same period.
Display Technologies Performance
Fourth quarter sales in Display Technologies were $971 million, up 12% year-over-year, with net income growth driven by larger average screen sizes.
Springboard Plan Success
Corning added $2.4 billion to its annualized sales run rate in year one of its Springboard plan, tracking ahead of the target to add more than $3 billion by 2026.
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GLW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GLW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $51.23 | $49.80 | -2.79% |
| Oct 29, 2024 | $46.56 | $48.74 | +4.68% |
| Jul 30, 2024 | $42.14 | $39.24 | -6.88% |
| Apr 30, 2024 | $31.14 | $32.71 | +5.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Corning (GLW) report earnings?
Corning (GLW) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Corning (GLW) earnings time?
Corning (GLW) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLW EPS forecast?
GLW EPS forecast for the fiscal quarter 2025 (Q1) is 0.5.
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