Base $12.32 6/5/12
Corning's stock is buoyed by a spate of positive news, including a reaffirmation of Q2 outlook, a favorable outlook for emerging market sales of LCD TVs and an analyst upgrade by Lehman Brothers
Corning's stock rises on an optimistic outlook for continued growth in the LCD TV market.
Corning reports 4th quarter profits of $327 million or $452 million after one time charges. The company's earnings of 28 cents per share beat expectations and represented 27% growth from the year before.