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Stock impact report

Corning: Innovation Boosting Future Growth [Seeking Alpha]

Corning Incorporated (GLW) 
Last corning incorporated earnings: 4/28 07:15 am Check Earnings Report
Company Research Source: Seeking Alpha
Summary Image source: Corning's website; automotive interiors. After a couple of years sustaining a strong uptrend, the price of Corning, Inc. (NYSE: GLW ) saw a period of high volatility during the first half of 2018. Apparently, investors did not take well to the net loss recorded during the last quarter of 2017 , leaving the shares to fall quickly in the following days. Although the net loss was caused by a one-time item related to the enactment of the Tax Cuts and Jobs Act at the end of 2017, it was not until eight months later that the company saw a price recovery. It seems that some of the investors' fears began to dissipate after Corning reported better results in its second quarter of 2018 , driven by revenue growth in each of its segments due to strong demand in its final markets, and the successful increase of its productive capacity. Additionally, the company offered a positive forecast that further encouraged its outlook. Executives now expect th Show less Read more
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