"Corning (NYSE: GLW) is seeing green shoots; it recently announced significant gains in demand for LCD glass due to strong TV sales," says Tracey Ryniec of Zacks Research.
"Overall, LCD TV demand remains hot. The company is seeing much stronger demand for glass in the second quarter than it anticipated even just a few weeks ago.
"Corning is a specialty glass, ceramics and optical fiber manufacturer. It produces glass for LCD flat panel televisions and laptops, ceramic substrates and filters for mobile emission control systems, cable for Internet communication networks and advanced optics and specialty glass for various industries.
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