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Corning Inc. Message Board

  • dot_com_liquidators_com dot_com_liquidators_com Jan 8, 2001 2:30 AM Flag

    calculation to see if they missed or no

    revenue above 7B.
    average expected was
    7.16b
    ok, they said above 7b but not the accurate #,
    so
    we dont know.
    EArning is 70%above last year of
    525Mthat means
    525M+367.5M=892.5M(this year
    earning)
    # of shares=912.8M
    ====earning per share(EPS)=
    892.5/912.8=0.98
    average estimate was 1.17
    that seems to be a 19 cents
    or 20% miss.
    please let me know if i am
    wrong
    ouch.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • you got it! Now if the rest of these clowns can understand it..

      • 1 Reply to stcg3k
      • i have no position in glw, but do have a small
        position in jdsu.

        from the news release and the
        calculations, i too have come up with eps at $0.98, much less
        than the $1.16 eps average that i have looked
        up.

        my question is this? if the analysts expected $7.18
        billion in topline revenues and equated that with the
        $1.16 eps, then why would $7 billion plus revenues as
        stated in the press release cause such a big difference
        in the bottom line?

        i'm assuming that topline
        revenues (if already over 7 billion) should hit or exceed
        the $7.18 billion that has been forecasted. if that
        is the case, then what is the eps problem?

        my
        guess is either:
        1. there are other factors (income
        sources) that haven't been factored into the equation
        or
        2. glw's profit margin has decreased.

        any
        intelligent comments?

 
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