Earnings Summary

Corning Inc.’s revenue fell -6.39% since last year same period to $2975Mn in the Q1 2024. On a quarterly growth basis, Corning Inc. has generated -0.63% fall in its revenue since last 3-months.

Corning Inc.’s net profit jumped 18.75% since last year same period to $209Mn in the Q1 2024. On a quarterly growth basis, Corning Inc. has generated 622.5% jump in its net profits since last 3-months.

Corning Inc.’s net profit margin jumped 26.85% since last year same period to 7.03% in the Q1 2024. On a quarterly growth basis, Corning Inc. has generated 625.84% jump in its net profit margins since last 3-months.

Corning Inc.’s price-to-earnings ratio after this Q1 2024 earnings stands at 62.06.

Corning Inc.’s earning per share (EPS) estimates for the current quarter stand at 0.46 - a 31.43% jump from last quarter’s estimates.

Corning Inc.’s earning per share (EPS) estimates for the current year stand at 0.46.

Corning Inc.’s earning per share (EPS) fell -7.32% since last year same period to 0.38 in the Q1 2024. This indicates that the Corning Inc. has generated -7.32% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

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 0.03.

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 0.06.

Corning Inc. declared 0.28 dividend per share during the earnings announcement for Q1 2024.