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GuruFocus has detected 6 Warning Signs with Corning Inc $GLW.
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Corning Inc (NYSE:GLW)
Non-Recurring Items
$2,428 Mil (TTM As of Dec. 2016)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Corning Inc's non-recurring items for the three months ended in Dec. 2016 was $1,998 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $2,428 Mil.

As of today, Corning Inc's share price is $28.45. Corning Inc's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $3.19. Therefore, Corning Inc's P/E (NRI) ratio for today is 8.92.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Corning Inc Non-Recurring Items for the trailing twelve months (TTM) ended in Dec. 2016 was -814 (Mar. 2016 ) + 1490 (Jun. 2016 ) + -246 (Sep. 2016 ) + 1998 (Dec. 2016 ) = $2,428 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Corning Inc's P/E (NRI) Ratio for today is calculated as

Corning Inc's Share Price of today is $28.45.
Corning Inc's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Dec. 2016 was -0.36 (Mar. 2016 ) + 1.87 (Jun. 2016 ) + 0.26 (Sep. 2016 ) + 1.42 (Dec. 2016 ) = $3.19.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Corning Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Non Operating Income 1471,3361,6062,1421,5898931,2141,7342832,428

Corning Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Non Operating Income 815828106203-142116-8141,490-2461,998
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