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Corning Inc.

$34.82

Earnings Summary

Revenue
$3406Mn
Net Profits
$-36Mn
Net Profit Margins
-1.06%
PE Ratio
22.31

Highlights

Revenue:

Corning Inc.’s revenue fell -7.34% since last year same period to $3406Mn in the Q4 2022. On a quarterly growth basis, Corning Inc. has generated -2.35% fall in its revenue since last 3-months.

Net Profits:

Corning Inc.’s net profit fell -107.39% since last year same period to $-36Mn in the Q4 2022. On a quarterly growth basis, Corning Inc. has generated -117.31% fall in its net profits since last 3-months.

Net Profit Margins:

Corning Inc.’s net profit margin fell -107.98% since last year same period to -1.06% in the Q4 2022. On a quarterly growth basis, Corning Inc. has generated -117.72% fall in its net profit margins since last 3-months.

PE Ratio:

Corning Inc.’s price-to-earnings ratio after this Q4 2022 earnings stands at 22.31.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Corning Inc. post its latest quarter earnings

EPS Estimate Current Quarter
0.44
EPS Estimate Current Year
0.44

Highlights

EPS Estimate Current Quarter:

Corning Inc.’s earning per share (EPS) estimates for the current quarter stand at 0.44 - a -13.73% fall from last quarter’s estimates.

EPS Estimate Current Year:

Corning Inc.’s earning per share (EPS) estimates for the current year stand at 0.44.

Key Ratios

Key ratios of the Corning Inc. post its Q4 2022 earnings

Return on Assets (ROA)
0.04
Return on Equity (ROE)
0.11
Dividend Per Share (DPS)
0.27

Highlights

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Corning Inc.’s return on assets (ROA) stands at 0.04.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Corning Inc.’s return on equity (ROE) stands at 0.11.

Dividend Per Share (DPS):

Corning Inc. declared 0.27 dividend per share during the earnings announcement for Q4 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-04-29
0.5
0.54
8%
2022-10-27
0.51
0.51
0%
2022-07-29
0.56
0.57
1.79%

Company Information

Corning is one of the world's leading innovators in materials science, with a 169-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display, automotive, and life sciences.

Organisation
Corning Inc.
Headquarters
One Riverfront Plaza, Corning, NY, United States, 14831
Employees
57500
Industry
Electronic Technology
CEO
Wendell Weeks