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Corning, maker of toughened Gorilla Glass for phones, faces EU antitrust probe
TechCrunch· 2024-11-06 20:40
On Wednesday, the European Union opened an investigation of U.S. manufacturer Corning over possible anti-competitive practices. Corning may not be a name that’s super familiar to the average tech consumer, but you are almost certainly within touching distance of its products as its a leading supplier of speciality toughened glass for mobile devices, including Apple’s iPhone. Its Gorilla Glass branding may also be a touch more familiar.In a press release, the Commission said it’s concerned that Corning may h ...
GLW or ANET: Which Is the Better Value Stock Right Now?
ZACKS· 2024-11-02 00:45
Investors looking for stocks in the Communication - Components sector might want to consider either Corning (GLW) or Arista Networks (ANET) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings esti ...
Corning(GLW) - 2024 Q3 - Quarterly Report
2024-11-01 22:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from To Commission file number: 1-3247 CORNING INCORPORATED (Exact name of registrant as specified in its charter) | --- | --- | --- | |---------------------------------- ...
Corning's Comeback: From Forgotten Stock To AI Darling
Seeking Alpha· 2024-11-01 20:00
iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.It pays to be patient when it comes to value investing, and that means sticking with one’s conviction so long as the thesis remains unbroken. That brings me ...
Corning Q3: The Period Of Growth Is Finally Here
Seeking Alpha· 2024-10-31 23:39
文章核心观点 - 科林公司(Corning Inc., NYSE: GLW)发布了2024年第三季度的财报,在收入和利润方面都超出预期,导致股价大涨 [1] - 公司在大约一年前开始采取的措施现在已经产生了积极的影响 [1] 公司相关 - 科林公司是一家专注于技术行业的公司,主要从事研究和生产各种玻璃和陶瓷产品 [1] - 公司在过去一年中采取了一些措施,这些措施现在已经产生了积极的影响 [1] 财务数据 - 公司在2024年第三季度的财报超出了预期,带动了股价的大涨 [1]
Corning (GLW) is a Top-Ranked Momentum Stock: Should You Buy?
ZACKS· 2024-10-30 22:56
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Styl ...
Corning Q3 2024 Earnings Review: EPS And Revenue Beat, Guidance Increased
Seeking Alpha· 2024-10-30 07:11
Chris Lau is an individual investor and economist with 30 years of experience covering life science, technology, and dividend-growth income stocks. He has degrees in Microbiology and Economics. Chris runs the investing group DIY Value Investing where he shares his top stock picks of undervalued stocks with catalysts for upside, dividend-income recommendations with quant and payment calendar tracking, high upside plays, and research requests to help you become a better do-it-yourself investor. Learn more. To ...
Why Corning Stock Is Surging Today
The Motley Fool· 2024-10-30 01:16
Corning's recently published third-quarter results arrived with plenty for investors to be excited about. Corning (GLW 7.79%) stock is making big gains in Tuesday's trading following the company's recent quarterly report. The industrial-technologies specialist's share price was up 6.5% as of 11:30 a.m. ET. Corning published third-quarter results after the market closed yesterday and delivered sales and earnings that came in ahead of Wall Street's expectations. The company reported non-GAAP (adjusted) earnin ...
Corning Q3 Earnings Beat on Solid Growth in Optical Communications
ZACKS· 2024-10-30 00:05
Corning Incorporated (GLW) reported impressive third-quarter 2024 results, wherein both the top line and bottom line surpassed the respective Zacks Consensus Estimate. The advanced glass substrates producer witnessed revenue expansion year over year, driven by healthy demand in the Optical Communications and Life Sciences segments.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The growing adoption of new optical connectivity products for generative AI is a tailwind. Solid growth in ...
Corning(GLW) - 2024 Q3 - Earnings Call Transcript
2024-10-29 23:17
财务数据和关键指标变化 - 第三季度销售额同比增长8%,达到37.3亿美元,每股收益(EPS)增长20%,达到0.54美元 [7][30] - 操作利润率同比提升160个基点,达到18.3%,毛利率提升220个基点,达到39.2% [16][30] - 自由现金流为5.53亿美元,表现强劲 [16][30] 各条业务线数据和关键指标变化 - 光通信业务第三季度销售额为12亿美元,同比增长36%,企业业务销售额增长55% [31][34] - 显示技术业务第三季度销售额为10亿美元,环比持平,净收入为2.85亿美元,同比增长10% [37][38] - 特种材料业务第三季度销售额为5.48亿美元,环比增长9% [42] - 环境技术业务第三季度销售额为3.82亿美元,环比下降11% [43] - 生命科学业务第三季度销售额为2.44亿美元,同比增长6% [44] 各个市场数据和关键指标变化 - 光通信市场受益于生成AI产品的强劲需求,企业业务的增长反映了数据中心的需求 [21][31] - 显示市场预计将以低个位数的速度增长,主要受电视单位销售稳定和平均屏幕尺寸逐年增长的支持 [38] 公司战略和发展方向和行业竞争 - 公司正在推进“Springboard”计划,目标到2026年底实现超过30亿美元的年销售增长和20%的操作利润率 [9][49] - 公司计划通过价格上涨来维持显示业务的稳定美元净收入,预计明年净收入为9亿至9.5亿美元 [18][41] - 在光通信领域,公司与AT&T和Lumen等客户达成了重要协议,预计将推动未来的增长 [25][59] 管理层对经营环境和未来前景的评论 - 管理层对未来的展望乐观,预计第四季度销售增长将加速,EPS将再次超过销售增长 [32][55] - 管理层提到,光通信业务的增长将受益于生成AI的持续需求,预计企业业务将以25%的复合年增长率增长 [20][66] 其他重要信息 - 公司在第三季度进行了股票回购,显示出对未来增长的信心 [54] - 公司预计2025年和2026年将继续受益于新推出的产品和市场机会 [28][29] 问答环节所有提问和回答 问题: 关于与AT&T的协议及光纤利用率的变化 - 管理层表示与AT&T的协议是光通信业务周期性上升趋势的一部分,尚未确认周期已激活 [59] 问题: 关于第四季度的收入指导 - 管理层指出,第四季度的指导考虑了各个业务线的潜在结果,光通信业务的积极势头推动了收入预期 [62] 问题: 关于自由现金流的表现 - 管理层确认第三季度的自由现金流表现强劲,预计未来将继续产生强劲的自由现金流 [65] 问题: 关于光通信业务的云端业务 - 管理层提到,生成AI驱动的企业业务增长超过预期,未来将继续保持强劲势头 [66] 问题: 关于显示业务的价格上涨 - 管理层表示,价格上涨旨在维持稳定的美元净收入,客户对价格上涨的反应积极 [74][86]