** AFTER HOURS **
- Matching the Reuters Estimates consensus, Corning delivered Q4 earnings of
$0.22 per share. Revenues rose 16.2% year/year to $1.2 bln vs. the $1.21 bln
consensus. For Q1, the co. foresees EPS of 0.21-0.23 vs. the $0.22 consensus,
on revs of $1.20-$1.25 bln vs. the $1.23 bln consensus. Corning dropped 8%
Further reporters after the bell were Netflix (+9%), Sun Microsystems (+0.5%),
Red Envelope (-22%) and Checkfree (+8%).
** FOR WEDNESDAY **
Investors’ focus will remain on fourth quarter earnings reports, and
accompanying profit guidance, on Wednesday. Prior to the opening bell, results
from Abbott Labs (ABT), Amerada Hess (AHC), Ameritrade (AMTD), Automatic Data
(ADP), Bristol-Myers Squibb (BMY), Colgate-Palmolive (CL), Hershey Foods (HSY),
WellPoint (WLP), and Xerox (XRX) are likely to be amongst those in focus.
Following the close, Juniper Networks (JNPR), Novellus (NVLS), Qualcomm (QCOM),
and Siebel Systems (SEBL) are on the heavy docket. Today’s economic front
features two items: At 16:00 CET, December existing home sales are due out,
trailed by the EIA’s latest inventory report at the bottom of that hour.