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Corning Inc. (GLW)

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  • Jan. 28, 2014, 9:10 AM
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  • Nov. 5, 2013, 11:03 AM
  • Nov. 4, 2013, 4:41 PM
  • Oct. 23, 2013, 9:11 AM
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  • Oct. 22, 2013, 5:50 PM
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  • Oct. 22, 2013, 4:29 PM
  • Oct. 11, 2013, 9:23 AM
  • Jul. 17, 2013, 12:34 PM
    The iPhone 5S (AAPL +0.1%) will feature an "indestructible Liquidmetal case," thinks BGR's Jonathan S. Geller after analyzing previously-leaked SIM tray pictures and finding similarities with Vertu luxury phones that used the material. Liquidmetal (LQMT.OB +68.5%) shares have soared on the pink sheets thanks to the report. Geller also thinks (but doesn't elaborate as to why) the 5S might use sapphire cover glass; if true, that's a positive for GT Advanced (GTAT +0.4%), and an incremental negative for Gorilla Glass maker Corning (GLW -0.8%). Separately (take this one with a big spoonful of salt), Taiwan's Commercial Times reports the 5S may be delayed until year's end in order to support a 4.3" display.
    | 20 Comments
  • Jun. 19, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: FNSR +10%. GME +9%. HW +7%. EDAP +6%. NOK +5%.
    After-hours top losers: GASX -9%. ZIXI -7%. SCS -4%. QAI -2%. GLW -2%.
    | 2 Comments
  • Jan. 11, 2013, 11:01 AM
    Corning (GLW -3.5%) heads south following a downgrade to Neutral from Goldman. The firm argues the catalysts that drove its September upgrade - improving LCD industry fundamentals and capital allocation moves - are mostly played out in the wake of Corning's Q3 beat and Q4 pre-announcement. Moreover, it sees forex and a Q1 LCD inventory correction producing downside to estimates. Corning closed yesterday right around where it was when Goldman made its upgrade.
    | 7 Comments
  • Dec. 13, 2012, 1:42 PM
    AU Optronics (AUO +7.9%) is posting huge gains, apparently thanks to favorable comments from rival LCD supplier Chimei Innolux. Chimei says it expects 2013 sales to rise 10%, welcome news for an industry hit hard in 2012 by slumping TV demand. AU's gains come in spite of a Digitimes report claiming the company's capacity will drop 7% this month due to a "high voltage circuit drop" at a Taiwanese facility. LCD glassmaker Corning (GLW +0.7%) is outperforming, but LG Display (LPL -1.6%) isn't.
    | 3 Comments
  • Nov. 27, 2012, 9:10 AM
    Premarket gainers: ACAD +190%. RAH +27%. CDTI +25%. GLW +8%. VICL +7%. CROX +7%. CAG +5%. GNRC +5%.
    Losers: NBG -13%. MMR -11%. FRO -6%.
    | 1 Comment
  • Nov. 27, 2012, 8:23 AM
    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.
    | 3 Comments
  • Oct. 24, 2012, 10:55 AM
    Corning (GLW -8.4%) plummets after guiding in its Q3 report for Q4 glass volumes to be flat to down by "a low-single digit percentage" Q/Q, with accelerating price declines taking place along the way. During its earnings call, Corning also noted its gross margin will decline in Q4, and that its telecom glass business (hurt by a weak capex environment) won't meet its 2012 growth target. The company says it has "no plans" to boost LCD glass capacity.
    | 20 Comments
  • Oct. 24, 2012, 7:38 AM
    More on Corning (GLW) Q3 earnings: "The weakening economy is affecting sales in many of our businesses ... We believe these economic headwinds will persist to next year ... We are likely to implement selected cost reductions." Price declines in the display business in Q4 are expected to outpace those in the previous 2 Qs. Shares -1.5% premarket. Earnings call is at 8:30 ET. (PR)
    | 3 Comments
  • Sep. 19, 2012, 9:32 AM
    Corning (GLW +2.9%) opens higher on an upgrade to Buy from Goldman. The firm sees Corning, which trades below book value, delivering positive EPS growth (on a Y/Y basis) for the first time in two years in Q4 thanks to stabilizing LCD glass fundamentals (the result of supply controls). It also expects the LCD business' share of net income to fall to 74% in 2013 from 96% in '09, and Corning''s FCF yield to grow to 6%. The demand environment for LCD TVs has been anything but pretty. (previous)
    | 2 Comments
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Company Description
Corning Inc is engaged in manufacturing of specialty glass and ceramics. The Company's segments are Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences.