Corning Incorporated · Q1 2024
ReportedApr 30, 2024
Period endedMar 31, 2024
Rule of 40−12
The quarter in short
Revenue $2.98B, down 6.4% year over year and 0.6% on the quarter. EPS $0.24, up 20.0% year over year. Free cash flow −$156M, up 63.8% year over year. Rule of 40 score −12.
Reported this quarter
Revenue
$2.98B
QoQ −0.6%
YoY −6.4%
EPS
$0.24
QoQ —
YoY +20.0%
Free Cash Flow
−$156M
QoQ —
YoY +63.8%
Gross Margin
33.4%
QoQ +3.0 pp
YoY +1.8 pp
FCF Margin
-5.2%
QoQ −19.7 pp
YoY +8.3 pp
P/E Ratio
44.5
QoQ +3.0%
YoY —
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Sources & downloads
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Earnings press release
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SEC filings
Filed with the SEC under CIK 24741.
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8-K results announcement
Filed Apr 30, 2024
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EXHIBIT 99 (EX-99)
Exhibit 99 to the 8-K
488 KB
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10-Q quarterly report
Period ended Mar 31, 2024, filed May 2, 2024
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