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Stock Market & Financial Investment News

News Breaks
November 27, 2012
08:03 EDTGLWCorning now sees glass market volume up in low single digits in Q4
Prior forecast was down low to mid single digits. “As a result,” SVP and Corporate Controller Tony Tripeny will say, “Corning’s total LCD glass volume at its wholly owned business and Samsung Corning Precision Materials Co., Ltd., should be up in the mid-single digits sequentially.” Tripeny will explain that North American TV sales are stronger than the company expected in the fourth quarter, the Chinese market continues to experience good demand, and the supply chain is preparing for the upcoming Chinese New Year holiday. He will reaffirm that Corning expects LCD glass price declines in the fourth quarter to be slightly higher than those in the third quarter, a result of the company’s new agreements with key customers. Looking forward, Tripeny will tell investors, “We expect our share of the LCD glass market to remain stable at quarter four levels as a result of the long-term supply agreements we entered into last quarter, and we anticipate price declines will be moderate in the first quarter.”
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August 26, 2014
08:00 EDTGLWCorning looks poised to turn into cash machine, says Bernstein
Bernstein believes that Corning has a clear path to modest capex; increasing cash flows; and rising ROE and ROIC for the next few years. The firm thinks the company is "somewhat undervalued" versus its peers, and it keeps an Outperform rating on the shares.

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