Corning Inc. (NYSE: GLW) reported its financial results for the quarter ended March 31, 2020 today.
Corning slipped to a loss in the first quarter of 2020 from a profit last year, due to non-cash charges related to capacity realignment and cash severance payments. Given the economic uncertainty and disruption created by COVID-19, the company is withdrawing its full-year 2020 guidance.
The company said it is adjusting its operating plan to reduce costs and capital spending. Corning expects to maintain a strong cash balance and generate positive free cash flow for the year as it has essentially no debt coming due over the next two years. The company plans to maintain its dividend and has paused share buybacks.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard