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Oct 28- Corning Inc, the supplier of Gorilla glass to Apple Inc and Samsung Electronics, reported higher-than-expected quarterly revenue and earnings, helped by launches of new smartphone models. Shares of the company, which also supplies LCD panels to consumer electronics companies such as Sony Corp, LG and Lenovo Group, rose 1.6 percent in early trading.
Oct 28- Speciality glass maker Corning Inc reported a 23 percent rise in quarterly net sales, helped by higher demand for its glass used in TVs and smartphones. The company supplies glass for Apple Inc's iPhones and Samsung Electronics' Galaxy devices, and makes LCD panels for Sony Corp, LG and Lenovo Group, among others. Net income rose to $1.01 billion, or 72 cents...
Oct 6- GT Advanced Technologies Inc, Apple Inc's partner in a sapphire glass plant in Arizona, filed for bankruptcy on Monday in a stunning turn of events for a company whose fortunes looked bright only a few months ago. The stock fell more than 90 percent to 75 cents, wiping out nearly all of its $1.5 billion market worth. I don't think anyone expected this, "said Dennis...
Sept 17- Laboratory equipment supplier VWR Corp said it expects its initial public offering of common stock to be priced between $22 and $25 per share, raising up to $638 million.
In today's The Good, The Bad, and The Ugly, the CEO of Corning makes his case for Gorilla Glass device screens; McDonald's issues a sales slump; and another AC casino goes bankrupt.
Wendell Weeks, Corning CEO, talks about Apple's use of Corning's Gorilla Glass and the company's advantage over Sapphire glass.
The "Fast Money" traders share their final trades of the day.
*Merck up as results beat expectations, but Pfizer slips. United Parcel Service shares fell 3.7 percent to $98.86 after the world's biggest courier company slashed its earnings forecast for the year due to spending to boost capacity. Rival shipping company FedEx Corp was down 1.6 percent at $147.14.
*Merck up as results beat expectations, but Pfizer slips. United Parcel Service shares fell 3.1 percent to $99.47 after the world's biggest courier company slashed its earnings forecast for the year due to spending to boost capacity. Rival shipping company FedEx Corp was down 0.8 percent at $148.36.
Several companies missed profit estimates today, bucking the trend. Here's what it means for the markets....
Some of Tuesday's midday movers:
July 29- Corning Inc reported second-quarter core earnings below analysts' average estimate, hurt by lower demand for its Gorilla Glass, which is used in smartphones made by Apple Inc and Samsung Electronics Co Ltd.. Apple is also reportedly planning to switch from using Gorilla glass to GT Advanced Technologies' Sapphire glass for its next iPhone.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Investors are starting to score from some S&P 500 stocks springing back from a long period of suffering. USA Today reports.
June 24- VWR Corp, a provider of laboratory supplies and services, filed with U.S. regulators on Tuesday to raise up to $100 million in an initial public offering. The Radnor, Pennsylvania- based company listed Merrill Lynch, Pierce, Fenner& Smith, Goldman Sachs and J.P. Morgan as the lead underwriters to the IPO.
Jim Flaws, Corning chief financial officer, discusses the company's Q1 earnings results and weighs in on the potential for Apple choosing to use Sapphire glass for its next iPhone.
Some of the names on the move ahead of the open.
With the market in the thick of earnings, next week promises to be an eventful five days for investors. Are you ready? Cramer sure is.
Anaylsts Kevin Landis and Oscar Schafer say the ongoing volatility in the tech sectors leaves investors with prime buying opportunities. Here are their picks.
Some of Wednesday's midday movers: