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News Breaks
November 27, 2012
08:04 EDTGLWCorning sees Q4 Specialty Materials sales up about 5% over Q3
Specialty Materials segment year-over-year sales, driven by the strength of Gorilla Glass, are expected to be up approximately 60% this quarter. Tripeny will point out that the company does not foresee any changes in its previously forecasted fourth-quarter performance for the Telecommunications or Environmental Technologies businesses. Corning’s Life Sciences business should see a more than 15% sequential increase in revenue due to the completion of the Discovery Labware acquisition during the quarter. In addition, Corning now expects its equity earnings from Dow Corning Corporation will be down about 20% sequentially, the result of further weakening of demand for solar-grade polysilicon. Tripeny also will point out that improved volumes for LCD glass and Gorilla Glass will offset seasonal declines in Corning’s other businesses and should keep the company’s fourth-quarter gross margin percent at a level consistent with the previous quarter.
News For GLW From The Last 14 Days
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October 23, 2014
16:25 EDTGLWMaxwell announces development agreement with Corning
Maxwell Technologies (MXWL) announced a joint development agreement with Corning Incorporated (GLW) with the goal of advancing the state of capacitive energy storage technology by addressing the challenges frequently cited by ultracapacitor customers, including energy density, lifetime, operating environment, form factor and cost.
October 15, 2014
13:16 EDTGLWCorning upgraded to Buy from Hold at Standpoint Research
October 14, 2014
10:01 EDTGLWOn The Fly: Analyst Downgrade Summary
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08:13 EDTGLWCorning downgraded to Neutral from Buy at BofA/Merrill
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06:02 EDTGLWCorning downgraded to Neutral from Buy at BofA/Merrill
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