Corning stock is trading sharply lower Tuesday after the specialty glass manufacturer posted a softer-than-expected September quarter, and provided guidance that fell short of Street estimates. The company continues to see weakness in most of its primary business segments, including glass for large-screen televisions and fiberoptic-communications infrastructure.For the third quarter, Corning posted “core” sales of $3.
Newsletter Sign-up For the fourth quarter, the company projects core sales of $3.25 billion, with core earnings per share of 37 cents to 42 cents, well below the Street consensus at 50 cents.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Source: NBCNewYork - 🏆 270. / 63 Read more »
Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Source: CNBC - 🏆 12. / 72 Read more »
Coca-Cola Earnings Preview: Will Q3 Report Help Sustain Stock's Bullish Momentum?Stocks Analysis by Investing.com (Günay Caymaz) covering: Coca-Cola Co, Coca Cola Co, Coca-Cola Co BDR, Coca-Cola Co DRC. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
FMC Stock Tumbles on Revenue Warning Ahead of EarningsThe crop protection company cited lower sales in Latin America as a reason for lowering estimates.
Source: MarketWatch - 🏆 3. / 97 Read more »
The stock market may be ignoring this 'bad news' as earnings get under way‘Stealth stagnation’ has gone under the radar, says BlackRock team
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock Market Today: Dow falls as energy stocks weigh; big tech earnings eyedStock Market Today: Dow falls as energy stocks weigh; big tech earnings eyed
Source: Investingcom - 🏆 450. / 53 Read more »