GLW Q1 2020 Earnings — Corning Incorporated Revenue & Financial Results | Market Cap Arena

GLWCorning Incorporated

$114B

Q1 2020 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$2.4B-15.0% YoY

Gross Profit

$561M23.5% margin

Operating Income

-$121M-5.1% margin

Net Income

-$96M-4.0% margin

EPS (Diluted)

$-0.16

QoQ Revenue Growth

-15.1%

Cash Flow

Operating Cash Flow

$248M

Free Cash Flow

-$297M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$27.9B

Total Liabilities

$15.6B

Stockholders' Equity

$12.2B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.4B	$2.8B	-15.0%
Gross Profit	$561M	$1.1B	-49.0%
Operating Income	-$121M	$420M	-128.8%
Net Income	-$96M	$499M	-119.2%

Revenue Segments

Optical Communications

$791M32%

Display Technologies

$751M30%

Specialty Materials

$352M14%

Environmental Technologies

$320M13%

Life Sciences

$258M10%