Corning (GLW +5.8%) rallies after beating Q1 estimates and offering a relatively upbeat outlook...

|About: Corning Inc. (GLW)|By:, SA News Editor

Corning (GLW +5.8%) rallies after beating Q1 estimates and offering a relatively upbeat outlook for its pressured LCD glass business. Corning predicts glass price declines "will be much more moderate" in Q2 than in prior quarters, with volumes flat for Corning's internal glass ops and up slightly for Samsung Corning, which recently lost a major deal. In addition, the Specialty Materials business is expected to grow 10%-15% thanks to strong Gorilla Glass sales.