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Top related persons:
Corning - 3 Wendell Weeks - 3 Joe Biden - 1 Scott Kirby - 1 Jane Fraser - 1 Roger Altman - 1 Anthony Capuano - 1 Revathi Advaithi - 1
Top related locs:
Corning Bengaluru Wilmington Wilmington , North Carolina America New York U.S
Top related orgs:
Apple - 2 Thomson - 2 Wilmington Convention - 1 United Airlines - 1 Citi - 1 Marriott International - 1 Flex - 1 Bechtel - 1

Search resuls for: "Wendell Weeks"


5 mentions found


☆ Biden set to meet with executives from Citi, United Airlines, Marriott and others
  + stars: | 2024-05-07 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +2 min
US President Joe Biden speaks about his Investing in America agenda at the Wilmington Convention Center in Wilmington, North Carolina, on May 2, 2024. President Joe Biden is set to meet Tuesday afternoon with a slate of executives from a variety of industries, some of which have been the targets of his regulatory agenda. The guest list includes United Airlines CEO Scott Kirby, Citi CEO Jane Fraser, Evercore founder and senior chairman Roger Altman, Marriott International CEO Anthony Capuano, Flex CEO Revathi Advaithi, Bechtel Group CEO Brendan Bechtel, former Xerox CEO Ursula Burns and Corning CEO Wendell Weeks, according to a White House official. Biden is planning to discuss his "strategy of investing in America and rebuilding international alliances," the official said in a statement. And as part of a broader siege against what Biden calls "junk fees," the White House has issued rules prohibiting certain fees from airlines and credit card companies.
Persons: Joe Biden, Scott Kirby, Jane Fraser, Roger Altman, Anthony Capuano, Revathi Advaithi, Brendan Bechtel, Ursula Burns, Corning, Wendell Weeks, Biden Organizations: Wilmington Convention, United Airlines, Citi, Marriott International, Flex, Bechtel, Xerox, White, Federal Trade Commission, Department Locations: Wilmington, Wilmington , North Carolina, America
☆ Corning's shares fall as the Apple supplier forecasts Q4 core sales below estimates
  + stars: | 2023-10-24 | by ( ) www.reuters.com   time to read: +2 min
Shares of Corning, whose Gorilla Glass is used by the likes of Samsung (005930.KS) and Apple (AAPL.O), fell nearly 4% before the bell. The company expects core sales of about $3.25 billion in the three months through December, compared with analysts' estimate of $3.56 billion, according to LSEG data. In the third quarter, its core sales fell by about 6% to $3.46 billion, missing estimates of $3.50 billion. The optical communications unit, one of Corning's main revenue generators, saw its net sales decline by more than 30%. The company forecast fourth-quarter core earnings of between 37 cents and 42 cents per share, below estimates of 50 cents per share.
Persons: Brendan McDermid, Wendell Weeks, Corning, Arsheeya, Milla Nissi Organizations: Corning Inc, New York Stock Exchange, REUTERS, Samsung, Apple, Counterpoint Research, Thomson Locations: New York, U.S, Corning, Bengaluru
☆ Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump
  + stars: | 2023-07-25 | by ( ) www.reuters.com   time to read: +2 min
July 25 (Reuters) - Specialty glass maker Corning (GLW.N) forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the consumer electronics market. Corning said it expects core sales of about $3.5 billion in the three months ending September, compared with analysts' estimates of $3.70 billion, according to data from Refinitiv. Shares of Corning, whose Gorilla glass for smartphones is used by companies such as Apple (AAPL.O) and Samsung Electronics (005930.KS), were down nearly 1.5% before the bell. "We expect to continue improving profitability and cash flow despite our relatively muted sales environment," said CEO Wendell Weeks. Corning posted an adjusted profit of 45 cents per share, just short of the 46 cents estimated by analysts.
Persons: Corning, Wendell Weeks, Jaspreet Singh, Krishna Chandra Organizations: Refinitiv, Apple, Samsung Electronics, Thomson Locations: Corning, Bengaluru
☆ Apple supplier Corning rides on price hikes to beat profit estimates
  + stars: | 2023-04-25 | by ( ) www.reuters.com   time to read: +2 min
April 25 (Reuters) - Specialty glass maker Corning Inc (GLW.N) beat profit estimates for the first quarter on Tuesday as price hikes more than made up for higher raw material costs and a demand slowdown. Corning's core sales fell 10% to $3.37 billion in the first quarter, but they were better than estimates of $3.34 billion. Revenue from its optical communications division fell 6% during the quarter, while sales in specialty materials business, which makes Gorilla glass, declined 18%. Corning said it expects net sales between $3.4 billion and $3.6 billion for the second quarter, compared with analysts' estimate of $3.58 billion. Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
☆ Apple glass supplier Corning warns smartphone sales down 14%
  + stars: | 2022-10-25 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
For Gorilla Glass, Corning narrows down the number of compositions to a few dozen, does more melting, then picks two or three candidates to test. Corning stock fell over 4% on Tuesday morning after the company reported a weaker-than-expected outlook for the current quarter, blaming slow smartphone glass sales. Corning makes a variety of different components and supplies many of the top electronics companies, like Samsung and Apple, which reports earnings this week amid concern over slowing consumer electronics sales. But there is optimism that slowing electronics sales won't hurt the high-end of the market as much as less expensive devices. In the quarter ending in September, Corning saw smartphone unit sales decline 14% on an annual basis, and tablet and notebook demand fall 17%, Corning CEO Wendell Weeks said on an earnings call.
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