Corning started at neutral with $33 stock price target at J.P. Morgan

1 News Net

1 News - 1 Movies - 1 Music - 1 eBooks - 1 Search

 

Corning swings to loss on currency hedges

Corning Inc. GLW said Tuesday it swung to a first-quarter loss, citing currency-hedging contracts, and backed its yearly sales target. The Corning, New York-based specialty glass and ceramics maker posted a quarterly loss of $589 million, or 72 cents a share, compared with a profit of $86 million, or 7 cents a share, for the year-earlier period.

1 News Net

1 News - 1 Movies - 1 Music - 1 eBooks - 1 Search

 

Leave a Reply