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Stock Market & Financial Investment News

News Breaks
January 28, 2014
08:58 EDTGLWCorning says LCD glass demand continues to be 'good'
Says LCD glass demand driven by good retail demand in Q4 for larger televisions and Chinese New Year. Expects higher price declines in Q1 than in previous quarters, says this is a "one quarter phenomenon". Expects to see volume growth of Gorilla Glass more in line with consumption in 2014. Sees total effective tax rate moving from 17% in 2013 to approximately 22% in 2014. Feels good about the glass market as entering 2014; says inventory levels appear healthy, glass supply seems aligned with demand. Expects another year of glass volume growth at retail. Sees Q1 Optical Communications sales to be up in the mid-teens vs. last year. Sees Q1 environmental sales to be up mid single digits year-over-year. Expects Specialty Materials sales to be consistent year-over-year in Q1. Believes Gorilla Glass volume will be up significantly for the year. Equity earnings from Dow Corning should be up for the total year, however, Q1 will be down versus a year ago. Sees Q1 Life Sciences sales consistent with a year ago. Sees Q1 gross margin almost 45%. Comments made on the Q4 earnings conference call.
News For GLW From The Last 14 Days
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October 29, 2014
11:15 EDTGLWCorning upgraded to Overweight from Neutral at HSBC
Pre-open, HSBC upgraded Corning to Overweight citing solid Q3 results and better-than-seasonal guidance. Price target is $22.
08:36 EDTGLWDow Corning reports Q3 sales $1.52B, up 7% vs. 3Q13
Net income also increased to $176M, representing a 49 percent increase compared to the third quarter of 2013. Adjusted net income through the third quarter of 2014 was $318M. For the year, Dow Corning’s sales and net income have increased 10 and 78 percent, respectively.
October 28, 2014
09:20 EDTGLWOn The Fly: Pre-market Movers
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08:55 EDTGLWCorning: Europe has been a pleasant surprise all year long
Looking for North America, China, and Latin America to be strong.
08:52 EDTGLWCorning board may consider accelerating stock repurchases, dividend increases
08:48 EDTGLWCorning sees Q4 core gross equity earnings $80M-$90M
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08:47 EDTGLWCorning sees Optimal Communications sales up mid-single digits YoY
Sees Q4 Environmental Technologies sales up high-single digits YoY. Sees Q4 Specialty Materials sales down low-to-mid teens sequentially. Sees Q4 Life Sciences sales consistent YoY.
08:47 EDTGLWCorning expects LCD glass market retail market to be up 10% in 2014
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08:42 EDTGLWCorning sees FY14 CapEx $1.15B; Sees FY15 CapEx $1.3B-$1.4B
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08:42 EDTGLWCorning expects continued growth in Environmental Communications, Optical Comm
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07:14 EDTGLWCorning sees year-over-year sales, earnings growth in Q4
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07:12 EDTGLWCorning reports Q3 core EPS 40c, consensus 37c
Reports Q3 revenue $2.65B, consensus $2.63B. Corning's LCD glass volume was up by high single digits sequentially, driven by retail sales of TVs and supply chain preparations for the upcoming holiday season.
October 27, 2014
15:36 EDTGLWNotable companies reporting before tomorrow's open
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13:17 EDTGLWEarnings Preview: Corning sees Q3 LCD glass volume up mid-single digits
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10:06 EDTGLWCorning volatility elevated into Q3 and outlook
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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.

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