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Corning (NYSE: GLW) Stock Up on Earnings Beat; Here's Where It's Headed Now
Corning Inc. (NYSE: GLW) stock was up more than 4% Monday morning after the company reported core earnings of $0.31 per share on revenue of $2.4 billion in the first quarter. That beat consensus estimates of $0.30 per share on revenue of $2.3 billion.
The company has strong momentum heading into the rest of 2014, but some investors are worried about the company's partnership with Apple Inc. (Nasdaq: AAPL) ending.
Corning Inc. (NYSE: GLW) stock was up more than 4% Monday morning after the company reported core earnings of $0.31 per share on revenue of $2.4 billion in the first quarter. That beat consensus estimates of $0.30 per share on revenue of $2.3 billion.
The company has strong momentum heading into the rest of 2014, but some investors are worried about the company's partnership with Apple Inc. (Nasdaq: AAPL) ending.