Finally Gorilla Glass has its Day

Corning Inc. (GLW) had its day in the sun today and finally made a few believes on Wall Street.  The stock finshed up 6.8% to $12.13

Recall in the summer when we wrote 3 Stocks going Shining Style on Shareholders (NFLX, GLW, XRX).  Corning proved its weight in Gorilla Glass today when the company upped its guidance for Q4.

Corning said:
"We believe Corning Gorilla Glass, now on more than 1 billion devices in the market worldwide, could achieve $1 billion in sales this year...

Revised expectations for Cornings Specialty Materials segment and its key driver, Corning Gorilla Glass sales. Fourth-quarter segment sales are expected to increase by about 5% over a record third-quarter performance, driven by numerous new consumer electronics product introductions and increased supply chain demand. Gorilla Glass sales remain very strong. Our Specialty Materials segment year-over-year sales, driven by the strength of Gorilla Glass, are expected to be up approximately 60% this quarter."

The market responded very positive to Corning which has been a roller coaster ride since summer.  After a double-bottom in GLW shares, it could be headed higher into 2013.