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Corning (GLW) +8% after raising its guidance ahead of a conference presentation. Thanks to...

Corning (GLW) +8% after raising its guidance ahead of a conference presentation. Thanks to better-than-expected demand for LCD TVs and other electronics, Corning now expects its Q4 LCD glass volume to be "up in the mid-single digits" Q/Q, after previously guiding for volume to be flat to down slightly. Corning's Q4 pricing guidance is reaffirmed, but it thinks price declines will moderate in Q1. Also, Q4 Specialty Materials sales are now expected to rise 5% Q/Q (prior guidance was for flat growth) thanks to strong Gorilla Glass sales.
Comments (3)
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    I've been waiting way too long for this good news.

     

    It feels good.
    27 Nov 2012, 01:13 PM Reply Like
  • 2sammygo
    , contributor
    Comments (3) | Send Message
     
    I totally agree, it's nice GLW is guiding higher on sales of LCD's but why the sudden change in guidance?
    27 Nov 2012, 11:45 PM Reply Like
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    If I recall correctly, they were REAL cautious during the last earnings call. I think there were indications in there that if the big screen TVs started selling, they would benefit significantly

     

    Also, on Nov. 19, director Gordon Gund bought $1.8M worth of shares.

     

    Something has changed and they are just keeping us up-to-date so we can get long like Gordon.

     

    Wouldn't you like to be able to trade like Gordon?
    28 Nov 2012, 11:41 AM Reply Like
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