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Corning Inc [GLW] reports $95 million quarterly net loss

Corning Inc [GLW] reports $95 million quarterly net loss

Company generates $3.4 billion in revenue

By USinMinutes
Published - Nov 01, 2024, 11:04 AM ET
Last Updated - Nov 05, 2024, 01:41 PM EST

Corning Inc Corning Inc [GLW] has reported $95 million quarterly loss, an decrease of $217 million from the previous quarter, the company said in a filing to the SEC for the Q3 ended Sep 30, 2024.

Dollars in millions
Sep 30, 2024    Jun 30, 2024    Mar 31, 2024    Dec 31, 2023   

Income Statement

Revenue $3,391.0  $3,251.0  $2,975.0  $12,588.0 
Operating Profit $302.0  $186.0    $890.0 
Net Income -$95.0  $122.0  $225.0  $648.0 
Net Cash -$166.0  -$360.0  -$414.0  $108.0 
Gross Margin $1,137.0  $949.0  $993.0  $3,931.0 
Operating Margin $0.0  $0.0    $0.0 
Profit as % of Revenues-1196.84 777.87 33.38 31.23 
Profit as % of Assets-0.60 0.80 0.80 2.23 
Profit as % of Stockholder Equity-0.83 1.12 1.95 5.46 
Return on Equity-0.83 1.12 -0.61 5.46 
Return on Assets-0.34 0.45 -0.26 2.27 
Turnover Ratio21.39 21.37 0.11 0.43 
EBITA$333.0 $216.0   $0.0 

Balance Sheet

Total Assets $28,322.0  $27,179.0  $27,618.0  $28,500.0 
Total Liabilities $16,855.0  $16,252.0  $16,059.0  $16,632.0 

Cash Flow Statement

Operating Cash Flow $1,316.0  $617.0  $96.0  $2,005.0 
Investing Cash Flow -$537.0  -$338.0  -$184.0  -$1,000.0 
Financing Cash Flow -$944.0  -$612.0  -$308.0  -$883.0 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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