Corning Incorporated (GLW) Shows Strong Performance Amidst Market Volatility
Live Analysis
Corning Incorporated (GLW) is currently priced at 44.95, with a price change of 41.5 cents, representing a 0.932% increase from the previous close of 44.54. Trading volume is at $1 million, which is 15.33% higher than the average. The asset continues to show resilience in the midst of market fluctuations.
Earnings Overview
In the latest earnings report, Corning Incorporated (GLW) reported a 5.33% increase in price since the release, with quarterly revenue reaching $3.25 billion. The company's earnings per share stood at 0.47, surpassing the consensus estimate of 0.4631. The earnings call on July 29th highlighted a positive outlook for the company's financial performance.
Dividends
Corning Incorporated (GLW) offers a forward dividend yield of 2.49%, with a dividend per share MRQ of 28 cents. The company's commitment to distributing profits to shareholders reflects its stable financial position.
Cash Flow
With a free cash flow of 279 million and a net change in cash of 54 million, Corning Incorporated (GLW) demonstrates sound financial management. The company's cash position at the end of the period stands at $1.42 billion, indicating strong liquidity.
Income Statement
Corning Incorporated (GLW) generated 934 million in gross profit, with an operating income of 353 million. The company's net income reached $104 million, showcasing profitability and efficiency in operations.
Ratios
Key financial metrics reveal Corning Incorporated's (GLW) solid performance, with a return on equity of 0.98 and a net profit margin of 3.2%. The company's price to earnings ratio stands at 79.27, reflecting investor confidence in its growth potential.
Balance Sheet
Corning Incorporated (GLW) maintains a strong financial position with total assets of 27.18 billion and total liabilities of 16.25 billion. The company's net debt is $6.78 billion, indicating a manageable debt load.
Overall, Corning Incorporated (GLW) continues to demonstrate resilience and financial strength in the current market environment. Investors can look forward to sustained growth and stability from this asset.
