Boston, MA 10/29/2013 (wallstreetpr) – Corning Incorporated (NYSE:GLW) appears to be drifting in the right direction and the upcoming Q3.13 results might surprise Wall Street. The company has the strength needed to post better than expected earnings on better than expected sales. Corning’s Gorilla Glass business is doing well and it seems to be the lead revenue-earner in the about-to-be-reported quarter. This glass has wide usage in smartphones, tablets computers and LCD TVs. The demand for these items has been on the increase in the past months which suggests possible revenue growth in the Gorilla Glass segment.
Besides the possible higher sales due to improved demand for high-end smartphones, tablets and LCD TVs featuring Gorilla Glass, Corning also has some other hot products with potential of boosting its sales and thus higher revenue in Q3. Also, the company has solid cost control strategies which have really paid off in the past three months. Another line of strength is the company’s execution plans which have been instrumental in pushing it above the competition.
In view of the above strengths, the company appears poised for positive, if not surprise earnings in the October 30, earnings reporting for Q3. The robust demand for big-screen TV, smartphones and tablet computers in the U.S. electronic market is creates a conducive business environment for Corning and thus suggest that its earnings in the next quarter after the upcoming Q3 might be even better. So Corning beating the Street won’t be out of possibility.
Basically, the combination of its strengths is something that would excite any investor seeking slice of this global tech-based company. The $25.26 billion market capped company has its one year share valuation figures in the range of $10.7 and $18.07 for low and high respectively. The company completed Monday’s rally at $17.30. Its Q3 will be closely watched as investors seek to see where it reports following its decent run in the past quarters.
