Corning Extraordinary Items vs Net Income From Continuing Ops Analysis

GLW Stock  USD 48.22  0.22  0.46%   
Corning Incorporated financial indicator trend analysis is way more than just evaluating Corning Incorporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corning Incorporated is a good investment. Please check the relationship between Corning Incorporated Extraordinary Items and its Net Income From Continuing Ops accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.

Extraordinary Items vs Net Income From Continuing Ops

Extraordinary Items vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corning Incorporated Extraordinary Items account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Corning Incorporated's Extraordinary Items and Net Income From Continuing Ops is -0.24. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Corning Incorporated, assuming nothing else is changed. The correlation between historical values of Corning Incorporated's Extraordinary Items and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of Corning Incorporated are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Extraordinary Items i.e., Corning Incorporated's Extraordinary Items and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Extraordinary Items

Net Income From Continuing Ops

Most indicators from Corning Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corning Incorporated current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.Enterprise Value is likely to climb to about 27.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 1.2 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit5.1B4.5B3.9B2.7B
Total Revenue14.1B14.2B12.6B6.9B

Corning Incorporated fundamental ratios Correlations

0.380.190.450.730.710.010.670.560.990.30.510.80.40.470.410.480.080.470.910.070.550.680.16-0.680.24
0.380.860.93-0.240.870.90.83-0.380.490.47-0.430.66-0.340.980.980.74-0.730.980.070.470.530.70.790.230.86
0.190.860.89-0.420.70.910.6-0.60.320.36-0.60.49-0.440.860.90.53-0.690.88-0.150.260.280.660.80.320.8
0.450.930.89-0.160.90.820.85-0.310.550.48-0.360.68-0.290.930.970.78-0.660.960.160.50.410.810.780.180.86
0.73-0.24-0.42-0.160.19-0.610.180.940.61-0.10.950.240.87-0.17-0.210.120.68-0.170.92-0.130.260.07-0.54-0.63-0.2
0.710.870.70.90.190.620.960.050.770.51-0.010.830.00.910.890.79-0.490.920.490.40.540.820.59-0.050.75
0.010.90.910.82-0.610.620.56-0.740.160.38-0.760.43-0.620.860.880.52-0.840.86-0.330.370.340.560.860.420.78
0.670.830.60.850.180.960.560.10.720.540.00.82-0.040.870.850.81-0.550.870.480.450.560.790.59-0.060.69
0.56-0.38-0.6-0.310.940.05-0.740.10.42-0.080.980.110.82-0.32-0.360.040.67-0.320.84-0.070.1-0.1-0.62-0.55-0.34
0.990.490.320.550.610.770.160.720.420.360.360.850.280.570.520.5-0.050.570.830.090.580.760.3-0.640.32
0.30.470.360.48-0.10.510.380.54-0.080.36-0.190.59-0.320.540.470.5-0.550.530.150.250.090.420.570.00.19
0.51-0.43-0.6-0.360.95-0.01-0.760.00.980.36-0.190.020.89-0.37-0.41-0.030.77-0.370.8-0.150.08-0.17-0.71-0.5-0.34
0.80.660.490.680.240.830.430.820.110.850.590.02-0.160.770.680.53-0.480.760.570.110.60.850.63-0.410.35
0.4-0.34-0.44-0.290.870.0-0.62-0.040.820.28-0.320.89-0.16-0.33-0.320.020.84-0.320.65-0.120.09-0.25-0.77-0.27-0.16
0.470.980.860.93-0.170.910.860.87-0.320.570.54-0.370.77-0.330.970.71-0.721.00.160.380.570.760.810.140.78
0.410.980.90.97-0.210.890.880.85-0.360.520.47-0.410.68-0.320.970.78-0.710.980.110.440.50.770.80.210.88
0.480.740.530.780.120.790.520.810.040.50.5-0.030.530.020.710.78-0.380.730.370.560.410.580.480.130.78
0.08-0.73-0.69-0.660.68-0.49-0.84-0.550.67-0.05-0.550.77-0.480.84-0.72-0.71-0.38-0.720.38-0.34-0.17-0.55-0.9-0.33-0.51
0.470.980.880.96-0.170.920.860.87-0.320.570.53-0.370.76-0.321.00.980.73-0.720.160.410.530.780.810.150.81
0.910.07-0.150.160.920.49-0.330.480.840.830.150.80.570.650.160.110.370.380.16-0.010.40.4-0.19-0.680.03
0.070.470.260.5-0.130.40.370.45-0.070.090.25-0.150.11-0.120.380.440.56-0.340.41-0.01-0.020.180.360.250.58
0.550.530.280.410.260.540.340.560.10.580.090.080.60.090.570.50.41-0.170.530.4-0.020.40.31-0.140.29
0.680.70.660.810.070.820.560.79-0.10.760.42-0.170.85-0.250.760.770.58-0.550.780.40.180.40.67-0.320.56
0.160.790.80.78-0.540.590.860.59-0.620.30.57-0.710.63-0.770.810.80.48-0.90.81-0.190.360.310.670.120.59
-0.680.230.320.18-0.63-0.050.42-0.06-0.55-0.640.0-0.5-0.41-0.270.140.210.13-0.330.15-0.680.25-0.14-0.320.120.34
0.240.860.80.86-0.20.750.780.69-0.340.320.19-0.340.35-0.160.780.880.78-0.510.810.030.580.290.560.590.34
Click cells to compare fundamentals

Corning Incorporated Account Relationship Matchups

Corning Incorporated fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.9B30.8B30.1B29.5B28.5B17.1B
Short Long Term Debt Total7.7B8.0B7.0B7.8B8.5B8.9B
Other Current Liab1.8B2.0B2.7B2.8B2.4B2.5B
Total Current Liabilities3.5B3.8B4.8B5.2B4.3B4.5B
Total Stockholder Equity12.9B13.3B12.3B12.0B11.6B9.6B
Property Plant And Equipment Net15.3B15.8B15.8B16.2B15.5B16.3B
Net Debt5.3B5.3B4.9B6.1B6.7B7.0B
Retained Earnings16.4B16.1B16.4B16.8B16.4B17.2B
Cash2.4B2.7B2.1B1.7B1.8B1.9B
Non Current Assets Total21.4B22.8B22.5B22.0B21.3B12.0B
Non Currrent Assets Other1.5B1.7B1.7B977M923M1.0B
Cash And Short Term Investments2.4B2.7B2.1B1.7B1.8B2.3B
Net Receivables1.8B2.1B2.0B1.7B1.6B1.1B
Common Stock Shares Outstanding899M772M844M857M859M1.2B
Liabilities And Stockholders Equity28.9B30.8B30.1B29.5B28.5B17.1B
Non Current Liabilities Total12.4B13.6B12.8B12.0B12.3B12.9B
Inventory2.3B2.4B2.5B2.9B2.7B2.8B
Other Current Assets873M761M1.0B1.2B1.2B1.3B
Other Stockholder Equity(5.5B)(5.3B)(3.8B)(3.9B)(3.7B)(3.5B)
Total Liab15.9B17.3B17.6B17.2B16.6B17.5B
Total Current Assets7.5B8.0B7.7B7.5B7.2B5.1B
Short Term Debt11M252M149M335M432M453.6M
Intangible Assets1.2B1.3B1.1B1.0B905M1.0B
Accounts Payable1.6B1.2B1.6B1.8B1.5B806.0M
Good Will1.9B2.5B2.4B2.4B2.4B1.7B
Common Stock Total Equity859M863M907M910M819M1.2B
Property Plant And Equipment Gross15.8B16.4B15.8B30.4B30.1B31.6B
Accumulated Other Comprehensive Income(1.2B)(740M)(1.2B)(1.8B)(2.0B)(1.9B)
Common Stock859M863M907M910M916M982.3M
Other Liab4.2B5.7B5.8B4.6B5.3B2.9B
Other Assets2.1B3.3B3.1B3.3B3.7B2.3B
Long Term Debt7.7B7.8B7.0B6.7B7.2B4.4B
Treasury Stock(19.8B)(19.9B)(20.3B)(20.5B)(18.5B)(17.6B)
Property Plant Equipment15.3B15.7B15.8B15.4B17.7B10.6B
Current Deferred Revenue104M363M371M276M329M433.7M
Net Tangible Assets10.6B11.0B8.8B8.6B7.7B11.7B
Noncontrolling Interest In Consolidated Entity90M191M212M267M307.1M322.4M
Retained Earnings Total Equity16.4B16.1B16.4B16.8B19.3B14.4B

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