Tuesday morning in the pre-market hours, we’ll get to see earnings out of Corning Inc. (NYSE: GLW). The estimates for the ceramic and glass giant from First Call are $0.42 EPS on $1.59 billion in revenues. Next quarter estimates are $0.43 EPS on $1.67 billion in revenues. Estimates for fiscal Dec-2008 are $1.75 EPS on $6.82 billion in revenues.
Analysts have an average price target north of $31.00, and Corning’s 52-week trading range is $ 20.04 to $27.25. Shares closed down 0.9% today at $25.68.
Options traders appear to be braced for shares to move about $0.80 in either direction.
What will be rather interesting is to see this new environmental tech unit is doing, which has been a mixed operation so far. So far, the company has been immune from economic woes as demand for LCD screens for TV’s and computer screens has remained insatiable.
Jon C. Ogg
April 28, 2008
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
