12:41 pm Corning Entering 2015 with Momentum
Corning (GLW 24.19, +0.28) is bucking a weak broader market trend today and for good reason. While many other multinational companies have bemoaned the negative impact of a stronger dollar, Corning checked in today with better than expected fourth quarter results and a cheery 2015 outlook.
Its core earnings of $0.45 per share in the fourth quarter were up 55% from the same period a year ago and easily surpassed analysts' average expectation. That growth wasn't just a function of cost-cutting and share buyback activity either. …More