Material science firm Corning (NYSE:GLW) stock jumped after it raised second-quarter guidance.The maker of fiber optic cabling is now considered an artificial intelligence (AI) play.Management said sales for the current quarter will be $3.6 billion, up from a previous estimate of $3.4 billion, with earnings at the high range of between 42-46 cents per share.GLW stock was due to open this morning at $43.44 per share, a market capitalization of $37 billion on expected sales of $12.4 billion. The company will ...

Corning (GLW) shares ended the last trading session 12% higher at $43.05. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.1% gain over the past four weeks.The uptrend in share prices can be primarily attributable to the bullish preliminary results for the second quarter of 2024. Management currently expects second-quarter revenues to be about $3.6 billion, exceeding its earlier guidance of $3.4 billion. The impro ...

Corning shares are up more than 12% Monday after the company raised its second-quarter guidance, setting it on track for its best trading day since March 2020.The company, known for developing the Gorilla Glass used for Apple iPhones and other phones, credits the outperformance to demand for its optical connectivity products that power networks that run generative artificial intelligence."We've invented new fibers, new cables, new connectors and new custom integrated optical solutions to dramatically reduce ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Loading... Loading... Ritholtz Wealth Management’s Josh Brown identified an under-the-radar stock that he believes will play an essential role in the AI, data center buildout story. What Happened: Thursday on CNBC’s “Fast Money Halftime Report,” Brown made the case for buying Corning Inc GLW shares at current levels, suggesting that the stock is being criminally overlooked as an AI play. “You absolutely cannot do GPUs, cannot do data center buildouts without glass,” Brown said. Corning is a materials compan ...

Loading... Loading... On CNBC's “Mad Money Lightning Round,” Jim Cramer said Recursion Pharmaceuticals, Inc. RXRX is a “terrific spec” and he recommended buying the same. On May 9, Recursion Pharmaceuticals reported better-than-expected first-quarter financial results. Corning Incorporated GLW has “not been able to generate the kind of return that I've wanted,” Cramer said. “I would not be a buyer all the way up here.” See Also: Jim Cramer Says This Industrial Stock Is Doing ‘Very Well’; Here’s His Take On ...

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 March 31, 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) New York 16-0393470 (State or other jurisdiction of incorpo ...

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财务数据和关键指标变化 - 第一季度销售额近33亿美元,每股收益0.38美元,处于指引高端 [5] - 毛利率同比增长160个基点至36.8%,自由现金流同比增加3亿美元 [5] 各条业务线数据和关键指标变化 - 光通信业务第一季度销售额9.3亿美元,同比下降17%,净利润1亿美元,同比下降37% [50][51] - 显示玻璃业务第一季度销售额8.72亿美元,同比增长14%,净利润2.01亿美元,同比增长26% [53][54] - 特种材料业务第一季度销售额4.54亿美元,同比增长12%,净利润4400万美元,同比增长13% [64][65] - 环境技术业务第一季度销售额4.55亿美元,同比增长6%,净利润1.05亿美元,同比增长28% [66][67] - 生命科学业务第一季度销售额2.36亿美元,同比下降8%,净利润1300万美元,同比增长44% [67][68] - 赫姆洛克和新兴业务第一季度销售额3.11亿美元,同比下降19% [69] 各个市场数据和关键指标变化 - 零售玻璃市场预计2024年同比增长中个位数百分比,电视机尺寸继续增大,PC需求有所恢复 [16][17] - 中国面板厂商在第一季度末期提高了产能利用率,预计第二季度将继续提高 [53][54] 公司战略和发展方向及行业竞争 - 公司有望在未来3年内实现超过30亿美元的年销售额增长 [9][19] - 公司在光通信、汽车、移动消费电子等领域保持领先地位,并在新兴领域如汽车玻璃解决方案、本地化美国太阳能供应链等开拓新机会 [19][33][37] - 公司已建立了强大的盈利能力和现金流基础,未来将通过提高生产效率和适当提价来维持合理回报 [39][40][41] 管理层对经营环境和未来前景的评论 - 第一季度是2024年最低点,公司有信心从此开始改善 [11][43] - 光通信和显示玻璃业务有望成为公司业绩改善的最大驱动力 [13][16] - 公司有望在未来3年内实现超过30亿美元的年销售额增长,并能够实现强劲的增量利润 [9][10][19][38] 问答环节重要的提问和回答 问题1 **Wamsi Mohan 提问** 询问公司在数据中心AI机会方面的时间节点和收入贡献 [79][80] **Wendell Weeks 回答** 公司已经在企业光通信业务中积累了一定基础,未来随着GPU集群部署增加,将带来新的收入增长 [81][82][83][84][85] 问题2 **Samik Chatterjee 提问** 询问公司对显示玻璃业务周期性的看法,以及对第二季度行业需求改善的预期 [114][115] **Wendell Weeks 和 Ed Schlesinger 回答** 面板厂商行为发生变化,更注重产能利用率与终端需求匹配,有利于行业周期性改善 [116][117][119][124] 问题3 **Asiya Merchant 提问** 询问公司对人民币汇率对冲的计划和时间表 [147][148] **Ed Schlesinger 回答** 公司将通过汇率对冲和适当提价的方式维持显示玻璃业务的合理回报,具体对冲计划会根据市场变化适时调整 [148][149]

营收情况 - 公司2024年第一季度营收和净利润均超过了Zacks Consensus Estimate[1] - 公司年度营收出现下滑，主要受光通信和生命科学领域需求疲软的影响[1] - 环境技术、特种材料和显示技术表现良好，部分支撑了营收[1] 盈利能力 - 公司的定价和生产力改进措施增强了盈利能力[1] - 公司的核心盈利为3.3亿美元，每股盈利为38美分，略低于去年同期[3] 各部门表现 - 光通信部门营收为9.3亿美元，同比下降17%[5] - 显示技术部门营收为8.72亿美元，同比增长14%[6] - 特种材料部门净销售额为4.54亿美元，同比增长12%[7] - 环境技术部门净销售额为4.55亿美元，同比增长[8] - 生命科学部门营收为2.36亿美元，同比下降8%[9] - Hemlock 和新兴业务部门的净销售额同比下降19%[10] 财务状况 - 公司第一季度的毛利率为31.6%，经营利润为2.54亿美元[12] - 公司第一季度的核心毛利率为36.8%，高于去年同期[12] - 公司第一季度从经营活动中产生了9600万美元的净现金[13] - 公司截至2024年3月31日，现金及现金等价物为13.7亿美元，长期债务为70.5亿美元[13] 展望 - 公司预计2024年第二季度核心销售额为34亿美元，核心每股收益预计在42-46美分之间[14] - 公司预计销售额将在2024年全年逐渐改善，第一季度销售额是全年的低点[14]