Categories AlphaGraphs, Earnings, Technology

Corning (GLW) Q1 2020 Earnings Infographic

Corning Inc. (NYSE: GLW) reported its financial results for the quarter ended March 31, 2020 today.

Corning (GLW) Q1 2020 earnings review

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.

Past Performance

Corning Q4 2019 Earnings Results

GLW Q3 2019 Earnings Performance

Most Popular

Infographic: Key highlights from Campbell Soup Company’s (CPB) Q1 2023 earnings results

Campbell Soup Company (NYSE: CPB) reported first quarter 2023 earnings results today. Net sales increased 15% year-over-year to $2.57 billion. Organic sales growth was 15%. Net earnings attributable to Campbell Soup

Cancer drug maker Felicitex prepares for IPO. Here’s all you need to know

Fewer companies filed for initial public offering this year, compared to 2021 when the market witnessed a record number of IPOs. With only a few weeks left for the year

Chipotle Mexican Grill (CMG): A few points to keep in mind if you have an eye on this restaurant chain

Shares of Chipotle Mexican Grill Inc. (NYSE: CMG) were down 3% on Tuesday. The stock has dropped 13% year-to-date but there is still a positive sentiment in general about its

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top