The third quarter financial results of Corning Incorporated (NYSE: GLW) will be revealed on Tuesday 29th October 2024. This eagerly awaited announcement is slated to occur before market open, enabling investors and market participants to gain valuable insights into the company's financial performance.
As per the predictions of financial analysts on Wall Street, the organization is set to report an estimated per share $0.52 profit for the third quarter. Additionally, the company is projected to unveil a revenue of $3.72 billion for the period.
The earnings report for the corresponding quarter of the prior year unveiled a per-share income of $0.45. This was a direct result of the company's total revenue, which amounted to an impressive $3.46 billion during that specific period.
The company's full-year performance has been analyzed by wall street analysts, who have shared their projections. According to the analysis, it is expected that the company will generate a total revenue of $14.26 billion. Additionally, the earnings per share for the company are also anticipated to reach profit of $1.91 over the course of the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.47 | +4.4% | 3.60 B | +3.5% |
| Q1 2024 | $0.38 | -7.3% | 3.26 B | -3.2% |
| Q4 2023 | $0.39 | -17.0% | 3.27 B | -9.9% |
| Q3 2023 | $0.45 | -11.8% | 3.46 B | -5.6% |
| Q2 2023 | $0.45 | -21.1% | 3.48 B | -7.4% |
| *Growth on year-over-year basis | ||||
In addition, The firm will review the third quarter financial results on 29th October 2024 at 08:30 AM eastern time, in a conference call with public.
Corning Incorporated (GLW) shares experienced a range of $46.19 to $47.15 on a day volume of 3.96 million shares. The stock closed Friday's regular trading session at $46.25, demonstrating a 1.2 percent decline.
