Win Lose or Draw : Be A Steve, Make A Call Message Board

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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Win-Lose-Draw who started this subject	3/11/2003 8:31:08 AM
From: Softechie	Read Replies (1) of 11447

How many times have this company said about earnings? Conning reiterates first-quarter forecast By Steve Gelsi 03/11/2003 08:27 Corning reiterated its first-quarter guidance, including revenue of $700-$730 million and a net loss of $10-$50 million, or 1-4 cents per share, excluding gains on debt repurchases and restructuring charges. A survey of analysts by Thomson First Call is forecasting a loss of 3 cents per share. Corning plans to recognize equity earnings of $10-$20 million from Dow Corning Corp. in the first quarter. The company first issued the guidance on Feb. 7. Chief Financial Officer James B. Flaws said in a speech after the bell on Monday that Corning continues to make "significant progress" on its financial health, and restore profitability in 2003. Shares of Corning fell 26 cents to $5.53 on Monday.

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