Corning Expects Higher Declines in Q4 and 4 Hot Stocks Moving Now
Corning Inc. (NYSE:GLW):The company’s wholly owned display business and Samsung Corning Precision, total glass volume will likely be consistent to down low-single digit percentage sequentially, depending upon the level of normal seasonal inventory correction which is expected from panel manufacturers. Corning predicts that price declines for Q4 will be slightly higher than the previous two quarters. Telecommunications segment sales will likely be consistent with Q3 performance. Normal seasonal declines will probably be offset by the ongoing demand for optical fiber and cable products in China. Specialty Materials segment sales will likely be consistent with the record performance of Q3. Gorilla Glass sales will probably continue to be strong during Q4. Environmental Technologies segment sales will probably be even to down slightly from the quarter before. In the Life Sciences segment, Corning forecasts sales will probably drop 5 percent sequentially, driven by normal seasonality.
Molycorp, Inc Common Stock $0.0 (NYSE:MCP) announced that it will release financial results for its Q3, which ended on September 30, 2012, following market close on Thursday, November 8, 2012. After the release of Molycorp’s financial results, there will be an investor conference call at 4:30 p.m. Eastern. Mark Smith, who is President and Chief Executive Officer, and Michael Doolan, Executive Vice President and Chief Financial Officer, are to host the call.
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Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) reports its Q3 revenue at $428 million, consensus $349.17 million.
Lumber Liquidators Holdings, Inc. (NYSE:LL) consensus is $1.46. The company has raised its FY12 revenue view to $791 million to $799 million from $750 million to $775 million, with a consensus of $778.25 million.
Canadian Pacific Railway Limited (NYSE:CP) reports its Q3 revenue at $1.5 billion, consensus $1.46 billion.
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