|Day's Range||31.70 - 32.17|
|52 Week Range||20.76 - 32.17|
|PE Ratio (TTM)||8.52|
|Dividend & Yield||0.62 (1.95%)|
|1y Target Est||N/A|
The glass technology specialist will offer second-quarter results later this week. Here's what to watch.
Corning (GLW) is anticipated to benefit from strength in the optical communications segment and strong demand for Gorilla Glass. However, weakness in Display segment is a headwind.
President Donald Trump on Thursday announced a $500 million investment that Corning Inc is making with pharmaceutical giants Merck and Pfizer to manufacture a new kind of glass for injectable drug vials. At a White House event, Trump said the effort will create nearly 1,000 jobs at facilities in New York and New Jersey and at a soon-to-be-determined site in the southeastern United States. The deal could eventually result in a total investment of $4 billion and create around 4,000 jobs, Trump said, joined by the CEOs of Corning, Merck and Pfizer.