Corning’s Solid Performance Doesn’t Crack in 2Q Results; Maintaining $30 FVE
Corning brought in strong results in the second quarter, with year-over-year sales growth in most segments, specialty materials performing better than expected, and the company raising its full-year revenue guidance. We’re encouraged by Corning’s results even before seeing major effects of growth drivers such as gasoline particulates, more glass orders per smartphone, revenue from the 3M communication markets division acquisition ($200 million estimated for fiscal 2018), and demand for Valor gla...Corning is a provider of glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; optical materials for the semiconductor industry and the scientific community; and other technologies. The company reportable segments are: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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