NYSE:GLWElectronic
Corning (GLW) Profit Surge Reinforces Bullish Narratives Despite Premium Valuation
Corning (GLW) posted a massive 775.6% earnings growth over the past year, with net profit margins climbing to 9.2% from 1.2% a year earlier. While the company’s five-year earnings trend shows an average decline of 5.4% per year, the outlook is now brighter. Earnings are forecast to grow 23.1% annually, outpacing the US market average of 15.9%. Margins have improved significantly and profit growth is expected to stay strong, though the company’s higher price-to-earnings ratio may give...