Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Corning Incorporated    GLW

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Corning Incorporated : Corning Raises 4th-Quarter Outlook for LCD and Specialty Glass Sales Volume

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/27/2012 | 02:49pm CET
   By Tess Stynes 
 

Corning Inc. (GLW) raised its fourth-quarter sales outlook for its specialty materials business amid stronger-than-anticipated demand for glass used in flat-panel televisions and special glass used in mobile devices.

Shares were up 7.5% at $12.22 in recent premarket trading. Through the close Monday, the stock is down 13% this year.

The company provided the outlook ahead of a technology conference Tuesday.

Corning now expects LCD glass-market volume will increase in the low single digits on a percentage basis from the third quarter, compared with its prior view for a decline in the low to mid-single digits.

The company also expects that specialty materials segment sales will increase 5% over third quarter levels, compared with its prior view for sales to be similar to the quarter earlier. Segment sales continue to be driven by sales of the company's so-called Gorilla glass, which are expected to soar roughly 60% during the period.

Corning expects that the growth in the LCD glass and Gorilla glass businesses should offset seasonal declines in its other business segments.

The company affirmed its views for its telecommunications and environmental technologies units, but now expects its life sciences segment revenue to increase more than 15% from the third quarter thanks to a recent acquisition, compared with its earlier expectations for a decline of about 5%.

Write to Tess Stynes at Tess.Stynes@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CORNING INCORPORATED
01/19 CORNING INCORPORATED : Belden, Corning Optical Communications collaborate on glo..
01/17 CORNING INCORPORATED : Offers 3D Cell Culture and Scale-Up Solutions at SLAS 201..
01/17 CORNING INCORPORATED : Gorilla Glass Maker Corning Appoints Amit Bansal As India..
01/16 CORNING INCORPORATED : Appoints Amit Bansal the new Managing Director for India
01/12 CORNING INCORPORATED : Patent Issued for Methods and Apparatus for Predicting Gl..
01/12 CORNING INCORPORATED : Patent Issued for Methods for Laser Cutting Glass Substra..
01/11 CORNING INCORPORATED : Belden and Corning Optical Communications RF LLC to Colla..
01/10 CORNING INCORPORATED : Inc. wins Emmy for optical fiber
01/09 CORNING INCORPORATED : Honored with Technology & Engineering Emmy Award
01/07 CORNING INCORPORATED : Inc. prototypes on display at 2017 CES
More news
Sector news : Display Screens
01/23DJFOXCONN TECHNOLOGY : Mulls $7 Billion Investment to Build U.S. Flat-Panel Screen..
01/23DJSAMSUNG ELECTRONICS : Blames Galaxy Note 7 Overheating on Problems at Suppliers ..
01/19DJTencent-Backed Future Mobility Plans $1.70 Billion Car Factory
01/16 SAMSUNG ELECTRONICS : Elec probe finds battery was main cause of Note 7 fires - ..
2016 Five things to know about Samsung Electronics' holding company review
More sector news : Display Screens
News from SeekingAlpha
01/23 Notable earnings before Tuesday?s open
01/20 DIVIDEND CHALLENGERS (AND NEAR-CHALL : 124 Increases Expected By March 31
01/17 Tesoro And Aircastle Are Top Strategic Dividend Index Dogs For Winter
01/12 CORNING'S APPROACH TO INNOVATION : A Shareholder's Takeaway
01/09 CORNING : Revving Up Its Automotive Glass Offerings (To Drive Shares Higher)
Advertisement
Financials ($)
Sales 2016 9 691 M
EBIT 2016 1 663 M
Net income 2016 2 301 M
Finance 2016 172 M
Yield 2016 2,04%
P/E ratio 2016 11,63
P/E ratio 2017 15,88
EV / Sales 2016 2,41x
EV / Sales 2017 2,44x
Capitalization 23 562 M
More Financials
Chart CORNING INCORPORATED
Duration : Period :
Corning Incorporated Technical Analysis Chart | GLW | US2193501051 | 4-Traders
Full-screen chart
Technical analysis trends CORNING INCORPORATED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 23,9 $
Spread / Average Target -3,7%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Wendell P. Weeks Chairman, President & Chief Executive Officer
R. Tony Tripeny Chief Financial Officer & Senior Vice President
David L. Morse Chief Technology Officer & Executive VP
Deborah D. Rieman Independent Director
Hansel Emory Tookes Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CORNING INCORPORATED2.06%23 562
LG DISPLAY CO LTD--.--%10 001
SAMSUNG SDI CO LTD--.--%6 306
AU OPTRONICS CORP--.--%3 947
TIANMA MICROELECTRONIC..--.--%3 845
LEYARD OPTOELECTRONIC ..--.--%3 823
More Results