Corning, Inc. (GLW)

Corning (GLW; $33.66; E/W) reported Q1 “core” EPS of $0.41, which was ahead of our and the Street’s $0.39 on core sales of $3,367mm (vs. our $3,300mm and the Street’s $3,343mm). Recall, GLW targeted Q1…

We assume Corning (GLW; $34.74; E/W) meets our and Street Q1E expectations, while providing a Q2E outlook that basically lives up to investor thinking, when it reports next Tuesday (4/25 before market). This should especially…

Yesterday, we attended Visteon’s (VC; $168.55; NR) Investor Day in New York, which among other things, provided further support for the idea that Corning’s (GLW; $34.42; E/W) Automotive Glass Solutions’ business is well positioned to…

Yesterday, we attended the Optical Networking and Communications Conference (OFC) in San Diego, where we toured Corning’s (GLW; $34.44; E/W) trade show booth and sat in on CEO Wendell Weeks’ Plenary Session. Our meetings highlighted…

We stick with our somewhat below consensus EPS forecasts following our review of Corning’s (GLW; $34.61; E/W) recently filed 10-K. We 4also “stay on the sidelines” towards the shares given our expectations that any recovery…

Yesterday, Gerresheimer (GXI.DE; €75.35; NR), which is a maker of packaging and drug delivery devices for pharmaceutical, biotech, and cosmetic applications, announced a joint venture (JV) with Corning (GLW; $35.14; E/W) aimed at increasing customer…

Corning’s (GLW; $34.61; E/W) Q1E guidance disappointed the Street, basically as we anticipated, outside of news of another round of inflation-fighting price increases and productivity ratio improvements. Specifically, GLW targets Q1E sales and EPS of…

Corning (GLW; $36.39; E/W) reported Q4 “core” EPS of $0.47, which was ahead of our $0.45 and the Street’s $0.44 on some core sales upside ($3,633mm vs. our $3,578mm and the Street’s $3,551mm). By comparison,…

We reduce our 2023E EPS for Corning (GLW; $36.07; E/W) from $2.20 to $1.95 (vs. consensus of $2.28) to better account for ongoing seasonal pressures facing the company in most of its businesses during Q1E,…

We see recent news flow tied to new auto display innovations out of the Consumer Electronics Show (CES) in Las Vegas, along with our own checks at the tradeshow, boding well for Corning’s (GLW; $35.38;…

Earlier this week (12/13), Corning (GLW; $32.74; E/W) announced it is building on its existing partnership with LG Electronics (066570.KR; W88,700; NR) and is now providing new sustainable cover glass solutions for curved interior auto…

This morning, Corning (GLW; $33.21; E/W) announced its latest cover glass advancement with the launch of Gorilla Glass Victus 2, which is based on a new glass composition that offers better drop performance vs. its…

We reduce our rating on the shares of Corning (GLW; $31.73) from Outperform to Equal-Weight. The company’s Q3 results and outlook leads us to believe that GLW faces an extended recovery period in consumer markets…

Corning (GLW; $32.33; O/P) reported Q3 “core” EPS of $0.51 that was in line with our and the Street’s modeling on core sales of $3,666mm, which compared to our $3,650mm and the Street’s $3,664mm. Recall,…

We think risk/reward on the shares of Corning (GLW; $31.42; O/P) leans positive into its Q3 print, scheduled for Tuesday (10/25 before market). The stock is now down 28% from its 52-week high, including -16%…