Is The Corning (GLW) News A 'Green Shoot'?
Tweet
Share
E-mail
Get Alerts GLW Hot Sheet
Join SI Premium – FREE
Is today's Corning (NYSE: GLW) news one of the "green shoots" Fed Chairman Ben Bernanke was talking about?
Corning said it now believes total glass volume for the first quarter could be flat to down 5% sequentially, versus its original guidance of down 20% to 25%. Corning now believes it will have positive net income, excluding special items, in the first quarter.
Corning's LCD glass is used in TV and computer screens, so signs of stabilization could suggest the consumer is stabilizing.
Corning said it now believes total glass volume for the first quarter could be flat to down 5% sequentially, versus its original guidance of down 20% to 25%. Corning now believes it will have positive net income, excluding special items, in the first quarter.
Corning's LCD glass is used in TV and computer screens, so signs of stabilization could suggest the consumer is stabilizing.
You May Also Be Interested In
- New PFA survey is most positive for this MedTech stock
- Analyst explains why you should buy the dip in this U.S. retail stock
- Walmart expected to beat Q2 estimates as tariff refunds lift margins
Create E-mail Alert Related Categories
Hot List, Insiders' Blog, Trader TalkRelated Entities
Ben S. BernankeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
