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Corning (GLW) reports a top-line expansion year over year, backed by rising demand for optical connectivity products. Solid growth in free cash flow is a tailwind.
The headline numbers for Corning (GLW) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Corning Incorporated (NYSE:GLW ) Q2 2024 Earnings Conference Call July 30, 2024 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman & Chief Executive Officer Ed Schlesinger - Executive Vice President & Chief Financial Officer Conference Call Participants Asiya Merchant - Citi Samik Chatterjee - JPMorgan Steven Fox - Fox Advisors LLC Martin Yang - OpCo Ruplu Bhattacharya - Bank of America Securities Mehdi Hosseini - Susquehanna International Group James Cannon - UBS Meta Marshall - Morgan Stanley Tim Long - Barclays George Notter - Jefferies Operator Welcome to the Corning Incorporated Quarter Two 2024 Earnings Call. [Operator Instructions] It is my pleasure to introduce to you, Ann Nicholson, Vice President of Investor Relations.
Specialty glass maker Corning forecast current-quarter profit largely below Wall Street estimates on Tuesday, blaming a slowdown in demand for its clean-air technologies, even as it saw robust sales for its optical fiber products.
Corning (GLW) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.45 per share a year ago.
Corning reports adjusted second-quarter earnings of 47 cents a share on revenue of $3.6 billion.
Get a deeper insight into the potential performance of Corning (GLW) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
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Corning (GLW) is expected to report top-line growth year over year, backed by solid traction in several business segments.