Corning Announces First-Quarter 2016 Financial Performance
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Corning (GLW) PT Trimmed at Susquehanna Amid 'Mixed Bag'
April 26, 2016 1:38 PM EDTSusquehanna analyst Mehdi Hosseini lowered his price target on Corning (NYSE: GLW) to $23.00 (from $24.00) following a 'mixed bag' quarter, but maintained a Positive rating saying compares get easier in the 2nd-half of the year.
Hosseini commented, "Corning's glass biz is tracking in-line with our expectations, though operational issues within the Optical Comm and a down-tick in Gorilla-related revenues for 2016 are viewed as disappointing. Manufacturing... More
Corning (GLW) Reports In-Line Q1 EPS
April 26, 2016 6:52 AM EDTCorning (NYSE: GLW) reported Q1 EPS of $0.28, in-line with the analyst estimate of $0.28. Revenue for the quarter came in at $2.17 billion versus the consensus estimate of $2.23 billion.
Update on the Strategy and Capital Allocation Framework
Corning continued to deliver... More
