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 CEST
   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 [email protected]

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
06/22 CORNING INCORPORATED : Patent Issued for Strengthened Glass with Deep Depth of C..
06/22 CORNING INCORPORATED : Patent Issued for Method and Apparatus for Bending a Shee..
06/22 Global Automotive Ceramics Market 2017- Morgan Advanced Materials, Kyocera, C..
06/21 Automotive Ceramics Market 2017 - Kyocera, CeramTec, IBIDEN CO, Corning Inc, ..
06/15 CORNING INCORPORATED : Hosts Annual Investor Meeting
06/14 CORNING INCORPORATED : Receives 2017 Raytheon Supplier Excellence Program EPIC A..
06/14 CORNING INCORPORATED : Launches Multiuse Platform to Cost-Effectively Prepare Ne..
06/14 CORNING INCORPORATED : Wins Data Center Cabling Product of the Year at DCS Award..
06/13 CORNING INCORPORATED : Launches Multiuse Platform to Cost-Effectively Prepare Ne..
06/12 CORNING INCORPORATED : Launches Multiuse Platform to Cost-Effectively Prepare Ne..
More news
Sector news : Display Screens
06/23DJToday's Top Supply Chain and Logistics News From WSJ
06/22DJFOXCONN TECHNOLOGY : Taiwan's Foxconn Eyes Seven States for $10 Billion Investme..
06/22DJFOXCONN TECHNOLOGY : in Talks With U.S. States Over New Plant
06/06DJAAC TECHNOLOGIES : to Resume Trading Wednesday After Again Rebutting Short Selle..
06/06 Toshiba shares rise on report Broadcom chosen as chip unit buyer
More sector news : Display Screens
News from SeekingAlpha
06/23 IoT And Cloud Computing Open Opportunities In Fiber Optic Market
06/19 THE FUTURE GROWTH PORTFOLIO : Corning Inc.
06/19 Corning Incorporated (GLW) Investor Presentation - Slideshow
06/16 Corning's (GLW) CEO Wendell Weeks Hosts 2017 Investor Meeting Conference (Tra..
06/15 Top 10 Net Payout Yields For June 2017
Advertisement
Financials ($)
Sales 2017 10 186 M
EBIT 2017 2 174 M
Net income 2017 1 614 M
Debt 2017 226 M
Yield 2017 1,92%
P/E ratio 2017 20,93
P/E ratio 2018 17,07
EV / Sales 2017 2,75x
EV / Sales 2018 2,83x
Capitalization 27 819 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
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 29,5 $
Spread / Average Target -2,4%
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 INCORPORATED24.56%27 598
LG DISPLAY CO LTD--.--%11 519
SAMSUNG SDI CO LTD--.--%10 042
LEYARD OPTOELECTRONIC ..--.--%4 564
AU OPTRONICS CORP--.--%4 071
TIANMA MICROELECTRONIC..--.--%3 748
More Results