Corning Rises on Low Volume – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/20905/Corning+Rises+on+Low+Volume+-+Zacks+Tale+of+the+TapePosted on Tuesday, June 9th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Corning Inc. (GLW) rose almost 5% on lower-than-usual volume of 12.5 million shares, versus the average of 14.3 million.
Corning announced first-quarter earnings of 10 cents per share in April, topping the consensus by an average of 67%.
The current-year consensus estimate for this Zacks #2 Rank (”Buy”) company advanced 9.4% to 93 cents per share from 85 cents a month ago, as 7 out of 17 covering analysts revised upward.
“GLW” Free Stock Analysis: Buy? Sell? Hold?
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