Corning Stock Cracks On Q2 Earnings Miss

By | July 29, 2014

Scalper1 News

Corning (GLW) shattered its recent winning streak on the stock market after posting second-quarter earnings early Tuesday that missed Wall Street estimates. The maker of specialty glass was hurt by lower demand for its Gorilla Glass, which is used in smartphones from Apple and Samsung. The Corning, N.Y.-based company earned 37 cents a share excluding items in the June quarter, up 16% from Q2 2013, but that missed analyst estimates by a penny. Scalper1 News

Scalper1 News