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Corning Gains as Earnings Beat Estimates, Sales Rise

The maker of Gorilla Glass posts growth in sales and earnings per share over both the quarter and the year.

...

The company -- which has over the decades made glass products for cooking, spacecraft and smartphones -- posted fourth-quarter earnings per share of 59 cents, up 28% from the same time last year and beating Zacks Consensus Estimate by two cents. Fourth-quarter sales were also up, reaching $3.1 billion -- a 15% year-over-year increase.

For all of 2018, "core" sales rose to $11.4 billion, and earnings per share improved to $1.78 -- both year-over-year increases of 11%.

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https://www.thestreet.com/markets/cornin...yptr=yahoo

Kombination aus Gorilla Glas und Willow Glas

Corning arbeitet an Gorilla Glas für faltbare Smartphones

Corning will künftig auch faltbare Smartphones mit seinem bruchsicheren
und kratzfesten Glas schützen.

Ein Großteil aller aktuellen Smartphone-Modelle ist mit Gorilla Glas von Hersteller Corning
vor Kratzern und Stürzen geschützt.





Die neuen faltbaren Smartphones von Samsung und Huawei lassen diese Komponente
jedoch noch vermissen. Wie Corning in dieser Woche gegenüber dem IT-Blog Wired bestätigt,
arbeitet das Unternehmen bereits einem Schutzglas für flexible Displays.
Die Herstellung und Forschung gestaltet sich laut Corning jedoch schwierig.

Computerwoche


WKN: 850808 / ISIN: US2193501051






Ojay

Corning: 1Q Earnings Snapshot

CORNING, N.Y. (AP) _ Corning Inc. (GLW) on Tuesday reported first-quarter net income of $499 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Corning, New York-based company said it had profit of 55 cents. Earnings, adjusted for one-time gains and costs, came to 40 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The specialty glass maker posted revenue of $2.81 billion in the period. Its adjusted revenue was $2.85 billion, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.81 billion.

...

https://finance.yahoo.com/news/corning-1...42664.html

(30.04.2019, 22:27)Ca$hmandt schrieb: [ -> ]Corning: 1Q Earnings Snapshot

CORNING, N.Y. (AP) _ Corning Inc. (GLW) on Tuesday reported first-quarter net income of $499 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Corning, New York-based company said it had profit of 55 cents. Earnings, adjusted for one-time gains and costs, came to 40 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The specialty glass maker posted revenue of $2.81 billion in the period. Its adjusted revenue was $2.85 billion, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.81 billion.

...

https://finance.yahoo.com/news/corning-1...42664.html

Corning schlägt die Erwartungen und die Aktie verliert gleich mal 10% am selben Tag, nur weil Sie den Wachstumsausblick in Ihrer größten Sparte von irgendwas um einen niedrigen 10% Bereich auf genau 10% Wachstum (!) senken...

https://seekingalpha.com/news/3456155-co...ne-quarter

Der Markt kann mich mal..

Und wieder schlägt Corning die Erwartungen - und wieder gehts dafür grandios abwärts....

Zitat:Corning [/url]reported second-quarter earnings of 45 cents per share, which beat the analyst consensus estimate of 44 cents by 2.27%. This is a 18.42% increase over earnings of 38 cents per share from the same period last year.

The company reported quarterly sales of $2.986 billion, which beat the analyst consensus estimate of $2.98 billion by 0.20%. This is a 8.23% increase over sales of $2.759 billion the same period last year.


"Our second-quarter performance reflects our strong execution against our now-completed Strategy and Capital Allocation Framework, which guided Corning during the 2016-2019 period," said CEO Wendell Weeks. "We're outpacing the markets we serve, which demonstrates the resilience of our portfolio in the face of macro-economic headwinds. We look forward to extending our strong performance under our new 2020-2023 Strategy & Growth Framework."
Corning shares were trading down 3.23% at $33 in Tuesday’s pre-market session. The stock has a 52-week high of $36.56and a 52-week low of $27.67.v

[url=https://www.benzinga.com/news/earnings/19/07/14158221/corning-reports-q2-earnings-beat]https://www.benzinga.com/news/earnings/19/07/14158221/corning-reports-q2-earnings-beat