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18.12.2019 21:25:00

Down 20%, Is Corning Stock Worth Buying Now?

When Corning (NYSE: GLW) released third-quarter 2019 results on Oct. 29, the market seemed indifferent, with shares of the glass technology company up only slightly on the news -- that is, until we recall that Corning stock had already plunged in mid-September after management's early look at Q3 performance, tempering expectations for the company's two largest segments.In fact, that marked Corning's second such guidance reduction in as many quarters, and leaves the stock down around 20% from its 52-week high, as of this writing.Now that the dust has settled, it's time to ask: Is Corning stock worth buying on the drop? Let's look at what the company accomplished in its most recent quarter, starting with its headline numbers:Continue reading
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