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Stock Market & Financial Investment News

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.
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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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