GLW Stock Recent News

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Corning Incorporated (NYSE:GLW ) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Ann Nicholson - VP of IR Wendell Weeks - Chairman & CEO Ed Schlesinger - EVP & CFO Conference Call Participants Wamsi Mohan - Bank of America Meta Marshall - Morgan Stanley Martin Yang - Oppenheimer Samik Chatterjee - JPMorgan Tim Long - Barclays Asiya Merchant - Citi Joshua Spector - UBS Steven Fox - Fox Advisors George Notter - Jefferies Operator Welcome to the Corning Incorporated Quarter One 2024 Earnings Call. [Operator Instructions] It is my pleasure to introduce to you, Ann Nicholson, Vice President of Investor Relations.

Despite signs of recovery in several end markets, lower demand stemming from inventory corrections in the Optical Communications and Life Sciences vertical impedes Corning's (GLW) top line.

The company sees better days ahead for some of its important end markets like optical fiber.

Corning (GLW) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Beyond analysts' top -and-bottom-line estimates for Corning (GLW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Corning (GLW) is expected to report a top-line decline year over year in the first quarter of 2024 due to soft demand trends and inventory adjustments.

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Corning has grown modestly during the last decade (CAGR: +4%), underpinned by a wide moat and strong competitive advantages, limiting the scope for disruption through competition. The company is highly diversified, servicing a range of end users. Many of these are enjoying considerable tailwinds, including AI cloud adoption and the 5G rollout. We expect these tailwinds to push growth into the 5-10% region, alongside the delivery of margin improvement following a period of erosion.

Tech stocks aren't usually dividend heroes, but some defy the trend. Diversification and strategic foresight have enabled Texas Instruments and Corning to weather market volatility.