Top 5 Losers Today

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In this article, we discuss the top 5 losers today. If you want to see some more stocks losing value today, go directly to Top 10 Losers Today.

5. Corning Incorporated (NYSE:GLW)

Number of Hedge Fund Holders: 34

Corning Incorporated (NYSE:GLW) managed to meet financial expectations for the third quarter. However, it issued a weak profit outlook for the current quarter, sending its shares down nearly three percent this morning.

The manufacturer of ceramics and specialty glasses reported core earnings of 51 cents per share, down from 56 cents per share in the year-ago period. In addition, Corning Incorporated (NYSE:GLW) posted core sales of $3.7 billion, marginally up over the corresponding period of 2021. The results were nearly in line with the consensus forecast.

Looking forward, Corning Incorporated (NYSE:GLW) expects core or adjusted earnings in the range of 41 – 47 cents per share for the fourth quarter, below analysts’ average estimate of 55 cents per share.

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