Corning Inc (GLW) Stock Price, News & Historical Data - TheStreet

Summary

Profile

Financials

Events

Ownership

Options

Symbol	Last	Change
GLW	35.28	-0.26 (-0.73%)
AVGO	582.07	-6.17 (-1.05%)
ASML	535.24	-13.08 (-2.39%)
INTC	43.15	-0.45 (-1.03%)
TXN	168.43	-1.31 (-0.77%)

Company Info

Industry	Electronic Components
Sector	Electronic Technology
Employees	61,200
CEO	Mr. Wendell P. Weeks

Address	One Riverfront Plaza , Corning, NY 14831
Phone	1.607.974.9000
Website	www.corning.com

Corning, Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications, carrier network and enterprise network products for the telecommunications industry, ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets, laboratory products for the scientific community and specialized polymer products for biotechnology applications, advanced optical materials for the semiconductor industry and the scientific community, and other technologies. It operates through the following business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diodes and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data, and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments, and individuals for their own use. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. The Life Sciences segment develops, manufactures, and supplies scientific laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.

Statement Summary

as of 4:03 ET PM 05/13/2022

Total Assets (MRQ)	30.3 B
Total Liabilities (MRQ)	17.6 B
Shareholders’ Equity (MRQ)	12.6 B
Total Revenue (Annual)	3.7 B
Net Income (Annual)	581.0 M

Earnings And Estimates

as of 4:03 ET PM 05/13/2022

Current Qtr EPS Estimate	0.57
Current FY EPS Estimate	2.36
Long Term EPS Growth Estimate	6.21
Next Expected Earnings Date	7/27/2022

GLW vs S&P 500

as of 05/13/2022

	Relative To S&P 500	GLW
4 Weeks	n/a	n/a
12 Weeks	n/a	n/a
YTD	n/a	n/a

Earnings Surprises

as of 4:03 ET PM 05/13/2022

Fiscal Quarter	Estimate	Actual	Surprise
03/2022	0.50	0.54	+8.70%
12/2021	0.52	0.54	+4.02%
09/2021	0.58	0.56	-2.80%
06/2021	0.51	0.53	+3.28%
03/2021	0.43	0.45	+5.05%
12/2020	0.49	0.52	+7.19%
09/2020	0.36	0.43	+18.49%
06/2020	0.12	0.25	+110.43%

Financial Strength

as of 4:03 ET PM 05/13/2022

Pre-Tax Margin	20.74
Net Margin	-13.10
Operating Margin	15.07
Return On Equity	14.66
Return On Assets	6.25
Inventory Turnover (TTM)	3.80
Sales Growth (MRQ)	8.43

Ratios

as of 4:03 PM ET 05/13/2022

Price/Earnings (TTM)	28.45
Price/Book (MRQ)	2.37
Price/Cash Flow (TTM)	9.47
Book Value (MRQ)	14.99
Quick Ratio (MRQ)	1.04
Current Ratio (MRQ)	1.55
Total Debt/Equity (MRQ)	0.71

Short Interest

as of 10:43 AM ET 05/16/2022

	% Short - 1.49%
	% Remaining Float - 98.51%

	Current	Last Month
Short Interest Date	04/29/2022	04/14/2022
Short Interest Shares	11,395,282	11,984,294
Short Interest Ratio	1.7	2.9

M Y M Y

Total Assets 0,0.00 0,0.00

Total Liabilities 0,0.00 0,0.00

Total Equity 0,0.00 0,0.00

M Y M Y

Total Revenue 0,0.00 0,0.00

EBT Exc.
Unusual Items 0,0.00 0,0.00

Net Income 0,0.00 0,0.00

M Y M Y

Cash from
Operations 0,0.00 0,0.00

Cash from
Activities 0,0.00 0,0.00

Cash from
Fin. Activities 0,0.00 0,0.00

Select Period

TOTAL ASSETS	TOTAL LIABILITIES	TOTAL EQUITY

Balance Sheet

	M Y
ASSETS
Cash And Equivalents	0,0.00
Receivables	0,0.00
Inventories	0,0.00
Other Current Assets	0,0.00
Total Current Assets	0,0.00
Property, Plant & Equipment, Gross	0,0.00
Accumulated Depreciation & Depletion	0,0.00
Property, Plant & Equipment, Net	0,0.00
Intangibles	0,0.00
Other Non-Current Assets	0,0.00
Total Non-Current Assets	0,0.00
TOTAL ASSETS	0,0.00
Liabilities & Shareholder Equity
Accounts Payable	0,0.00
Short Term Debt	0,0.00
Total Current Liabilities	0,0.00
Long Term Debt	0,0.00
Deferred Income Taxes	0,0.00
Other Non-Current Liabilities	0,0.00
Minority Interest	0,0.00
Total Non-Current Liabilities	0,0.00
Preferred Stock Equity	0,0.00
Common Stock Equity	0,0.00
Common Par	0,0.00
Additional Paid In Capital	0,0.00
Cumulative Translation Adjustment	0,0.00
Retained Earnings	0,0.00
Treasury Stock	0,0.00
Other Equity Adjustments	0,0.00
Total Capitalization	0,0.00
TOTAL EQUITY	0,0.00
TOTAL LIABILITIES & STOCK EQUITY	0,0.00
Total Common Shares Outstanding	0,0.00
Preferred Shares	0,0.00
Treasury Shares	0,0.00
Basic Weighted Shares Outstanding	0,0.00
Diluted Weighted Shares Outstanding	0,0.00
Number Of Employees	0,0.00
Number Of Part-Time Employees	0,0.00

Select Period

TOTAL REVENUES	EBT Excluding Unusual Items	NET INCOME

Income Statement

	M Y
Sales	0,0.00
Cost Of Sales	0,0.00
Gross Operating Profit	0,0.00
Selling, General, And Administrative Expenses	0,0.00
Research & Development	0,0.00
Operating Income Before D & A (EBITDA)	0,0.00
Depreciation & Amortization	0,0.00
Interest Income	0,0.00
Other Income - Net	0,0.00
Special Income / Charges	0,0.00
Total Income Before Interest Expenses (EBIT)	0,0.00
Interest Expense	0,0.00
Pre-Tax Income	0,0.00
Income Taxes	0,0.00
Minority Interest	0,0.00
Net Income From Continuing Operations	0,0.00
Net Income From Discontinued Operations	0,0.00
Net Income From Total Operations	0,0.00
Extraordinary Income/Losses	0,0.00
Income From Cum. Effect Of Acct. Change	0,0.00
Income From Tax Loss Carryforward	0,0.00
Other Gains / Losses	0,0.00
Total Net Income	0,0.00
Normalized Income (Net Income From Continuing Operations, Ex. Special Income / Charge)	0,0.00
Preferred Dividends	0,0.00
Net Income Available To Common	0,0.00
Basic EPS From Continuing Ops.	0,0.00
Basic EPS From Discontinued Ops.	0,0.00
Basic EPS From Total Operations	0,0.00
Basic EPS From Extraordinary Inc.	0,0.00
Basic EPS From Cum Effect Of Accounting Change	0,0.00
Basic EPS From Tax Loss Carryf'd.	0,0.00
Basic EPS From Other Gains (Losses)	0,0.00
Basic EPS, Total	0,0.00
Basic Normalized Net Income/Share	0,0.00
EPS From Continuing Ops.	0,0.00
EPS From Discontinued Ops	0,0.00
EPS From Total Ops.	0,0.00
EPS From Extraord. Inc.	0,0.00
EPS From Cum Effect of Accounting Change	0,0.00
EPS From Tax Loss Carfd.	0,0.00
EPS From Other Gains (L)	0,0.00
EPS, Total	0,0.00
Diluted Normalized Net Inc/Shr (Net Income From Continuing Operations, Ex. Special Income / Charge)	0,0.00
Dividends Paid Per Share	0,0.00

Select Period

CASH FROM OPERATIONS	CASH FROM INVESTING ACTIVITIES	CASH FROM FINANCING ACTIVITIES

Cash Flow Statement

	M Y
Cash Flow From Operating Activities
Net Income (Loss)	0,0.00
Operating Gains/Losses	0,0.00
Gross Operating Profit	0,0.00
(Increase) Decrease In Receivables	0,0.00
(Increase) Decrease In Inventories	0,0.00
(Increase) Decrease In Other Current Assets	0,0.00
(Decrease) Increase In Other Current Liabilities	0,0.00
(Increase) Decrease In Other Working Capital	0,0.00
Other Non-Cash Items	0,0.00
Net Cash From Continuing Operations	0,0.00
Net Cash From Discontinued Operations	0,0.00
Cash Provided By Investing Activities
Net Cash From Total Operating Activities	0,0.00
Sale Of Property, Plant & Equipment	0,0.00
Cash Used For Investing Activities
Sale Of Short-Term Investments	0,0.00
Purchases Of Property, Plant & Equipment	0,0.00
Acquisitions	0,0.00
Purchases Of Short-Term Investments	0,0.00
Other Cash From Investing Activities	0,0.00
Cash Provided by Financing Activities
Net Cash From Investing Activities	0,0.00
Issuance Of Debt	0,0.00
Cash Used For Financing Activities
Issuance Of Capital Stock	0,0.00
Repayment Of Long-Term Debt	0,0.00
Repurchase Of Capital Stock	0,0.00
Payment Of Cash Dividends	0,0.00
Other Financing Charges, Net	0,0.00
Net Cash From Financing Activities	0,0.00
Effect Of Exchange Rate Changes	0,0.00
Net Change In Cash & Cash Equivalents	0,0.00

Earnings Estimates

as of 4:03 ET PM 05/13/2022

	Current Qtr (06/2022)	Next Qtr (09/2022)
Consensus Estimate	$0.57	$0.61
# of Estimates	12	12
High Estimate	$0.58	$0.65
Low Estimate	$0.55	$0.57
Year Ago EPS	$-0.42	$0.44
Year Over Year Growth Estimate	-235.74%	40.84%

	Current Yr (12/2022)	Next Yr (12/2023)
Consensus Estimate	$2.36	$2.66
# of Estimates	13	13
High Estimate	$2.49	$3.03
Low Estimate	$2.26	$2.42
Year Ago EPS	$2.07	$2.36
Year Over Year Growth Estimate	13.78%	12.86%

	Current Qtr (06/2022)	Next Qtr (09/2022)	Current Year (12/2022)	Next Year (12/2023)
Consensus Estimate	$0.57	$0.61	$2.36	$2.66
# of Estimates	12	12	13	13
High Estimate	$0.58	$0.65	$2.49	$3.03
Low Estimate	$0.55	$0.57	$2.26	$2.42
Year Ago EPS	$-0.42	$0.44	$2.07	$2.36
Year Over Year Growth Estimate	-235.74%	40.84%	13.78%	12.86%