Is The Corning (GLW) News A 'Green Shoot'?
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Price: $158.98 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +16.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +16.9%
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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.
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