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Corning faced the impact of a series of pandemic-driven effects during the last quarter but the company managed to deliver an all-around beat. The management has worked hard to grow advanced strategic initiatives and sales while addressing the implication the current environment poses for cash generation and margins. The purchase of laptops, tablets, smartphones, televisions, and cars was below the company’s estimation in the last quarter. Weak consumer demand was offset by the strength of the c
Companies: Corning Incorporated (GLW:NYSE)Corning Inc (GLW:NYS)
Baptista Research
Corning reported a mixed set of quarterly results as it surpassed Wall Street expectations in terms of revenues but missed out on earnings. The company continues to operate all its businesses, and its focus on distinctive capabilities and leadership permits it to capitalize on vital secular trends as well as drive its More Corning approach. Corning was able to offset a decline in sales of display technologies with growth in solar and optical communications. The sales of smartphones declined in t
Corning is a major material science player that has been experiencing a rapidly improving margin profile since the past few results. The company has had a strong start to 2022 with improved profitability. It experienced overall business strength and successfully navigated a challenging geopolitical and external operating environment. Both the gross margin and operating margin have been increasing since the start of 2022. The benefits of pricing actions across all of its businesses were the main
This is our first report on the material science behemoth, Corning. The company has had a strong start to 2022 with improved profitability. It experienced overall business strength and successfully navigated a challenging geopolitical and external operating environment. Both the gross margin and operating margin have been increasing since the start of 2022. The benefits of pricing actions across all of its businesses were the main factors driving the improvements. The life sciences sector has be
Research Tree provides access to ongoing research coverage, media content and regulatory news on Corning Inc. We currently have 4 research reports from 2 professional analysts.
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