Thursday, January 28, 2010

GLW Corning Q3 2009 - Chad Schneider

Corning reported earnings this quarter of $0.42 beating expectations of $0.38. EPS was down $1.28, down 12% from last year. Display Technologies continued to expand 18% compared to last year. This expansion in the Display Technologies segment can primarily be attributed to the dropping prices of LCD TV’s , a high demand during the holiday season, and constant infiltration in the technology market.

Despite slight setbacks in a few of Corning’s many segments our investment thesis holds true. The demand for LCD TV’s will continue to rise and prices will remain flat if not fall according to analyst’s expectations.

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