Corning Sees Thru The Glass (GLW)

[24/7 Wall St.]

24/7 Wall St. Daily News

Corning Inc. (NYSE: GLW) has reported earnings that are so far pleasing Wall Street. The LCD glass giant posted $0.64 EPS on a gain, and from operations it posted $0.44 EPS on revenues of $1.62 Billion. First Call estimates were $0.42 EPS on $1.59 billion in revenues. Gross margins were an all-time high of 52%. The comments from the CFO should say it all: “Global demand for LCD televisions and laptop computers remains strong... We continue to closely monitor the U.S. retail market, but we have not seen any indication that the U.S. slowdown is impacting our LCD glass business.”...http://feeds.feedburner.com/~f/typepad/RyNm?i=BgRJPG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=BgRJPG) http://feeds.feedburner.com/~f/typepad/RyNm?i=9U7yoG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=9U7yoG) http://feeds.feedburner.com/~f/typepad/RyNm?i=yWv5Ig</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=yWv5Ig)


complete story here... (http://www.247wallst.com/2008/04/corning-sees-th.html)