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Corning 2Q Profit Falls on Fewer Sharp LCD Sales

Shares of Corning ( GLW ) slid Wednesday after the company revealed a 17% decrease in second-quarter profit despite higher sales as the temporary halt of Sharp’s LCD TVs weighed on its display technologies business.

The Corning, N.Y.-based specialty glass and ceramic maker posted net income of $755 million, or 47 cents a share, down from $$913 million, or 58 cents a share, in the same quarter last year.

The company’s wholly-owned display technologies business saw volumes decrease during the period, leading to a 9% year-over-year decline in the unit's profit. The weaknesses were partly due to the anticipated temporary curtailment of LCD TV production by Sharp Electronics. Sharp resumed production in the latter part of the period.

Excluding special items, the company earned 48 cents a share, just ahead of average analyst estimates polled by Thomson Reuters of 47 cents.

Revenue for the three months ended June 30 was $2 billion, up 17% from $1.7 billion a year ago, beating the Street’s view of $1.96 billion. Sales were led by an 11% increase in its specials materials segment and a 16% gain in telecommunications.

“Second-quarter results were in line with our expectations,” said Corning CEO Wendell Weeks. He added that the results demonstrate the company is moving toward its goal of becoming a more balanced global company by pursuing growth opportunities.

Looking ahead, Corning no longer expects Corning Gorilla Glass sales to reach $1 billion this year. They will likely come in at $800 million due to weaker-than-expected demand for its television cover glass.

Widespread LCD Televisions – What Brand is Best? | A Review of Big ...

Widespread LCD Televisions – What Brand is Best?

It can't be denied that LCD Televisions, similar to Plasma TVs, are becoming more famous as days pass by. Samsung LCD Televisions and Panasonic LCD TVs are some. You will never run out of choices as they come in different designs and brands. In fact, there are five LCD TVs that can gratify all sorts of consumers starting from amateurs to highly perfectionists. Among them is the Sharp Aquos LC-45GD4U which is one of the few chosen TVs having a resolution of 1920 x 1080. This simply means that this technology is one for the pleasure of television enthusiasts since it presents the tiniest feature of high-definition televisions. However, for an amateur viewer, there might be differences but only at its minimum.

If you are conscious of the prices of TVs, you might want to consider the conceivably cheapest which is the Sharp Aquos LC 45GD4U costing roughly about $4,700. The common agreement as to which among the brands manufactures the best televisions is the Sharp manufacturers. There are two Sharp televisions which are quite similar, the 37-inch Sharp Aquos LC-37GD4U LCD HDTV and the Sharp Aquos LC-45GD4U, although the latter to some extent has lower resolution. The former has the feature of separable speakers plus light sensors used for altering brightness depending on the lighting conditions and the same costs about $3,000. These aforementioned Sharp TVs are regarded as one of the very best LCD televisions made available in the market.

As compared to its larger cousins, Sharp Aquos LC-32GD4U is a cheaper LCD TV but a good choice. Yet, connoisseurs consider that the said model has "black levels" and image quality which are shoddier to the two other Sharp products mentioned. This television has a resolution of 1366 x 768 and when purchased, it is coupled with an incorporated analog tuner. It cannot be denied that Sharp Aquos LC-32G4U is indeed a model which is user-friendly costing for $1,800.00.

Based on standards fixed for other LCD televisions, Syntax Olevia LT30HV is usually regarded as dull and ordinary but if you further assess it, you can find it a remarkable and affordable choice. This model provides a bright screen coupled with fine color but if matched up with Sharp Aquos televisions, it has a second-rate "black levels." Notwithstanding this fact, it is noticeably superior to other equally-priced LCD televisions at an approximate worth of $1,000.00 in the market.

A model having a widescreen LCD monitor plus a TV tuner is the Sony MFM-HT75W. Said model consists of a 17" wide screen with a resolution of 1280 x 768. If matched up with other LCD televisions, this is among the products considered as best when the image quality and the color fidelity are being compared. For photography and graphics enthusiasts, this is a perfect pick. It produces sharp and crispy images despite the fact that connoisseurs orate that the same is susceptible of tossing back surrounding lights, hence, it can be said that such product is not appropriate in vivid places. Costing approximately about $570.00, Sony MFM-HT75W flawlessly functions with Macintosh computers. Also, the same can be used to watch television using a cable input, it being coupled with analog tuner.

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