Shares of Corning Incorporated (NYSE:GLW) [Trend Analysis] swings enthusiastically in regular trading session, it an advance of 5.69% to close at $26.18. Corning Inc. (GLW) declared that its fourth-quarter net income attributable to the company surged to $1.572 billion or $1.47 per share from $224 million or $0.17 per share in the same quarter last year. The translated earnings contract gain for the latest-quarter was $1.847 billion, compared to $38 million last year.
Year-over-year sales, net income, and earnings per share growth are expected in the first quarter of 2017. Core earnings per share for the fourth-quarter were $0.50, up 47% from $0.34 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share for the quarter. Analysts’ estimates typically exclude special items. Moving forward to saw long-term intention, the experts calculate Return on Investment of 5.60%. The stock is going forward its fifty-two week low with 61.63% and lagging behind from its 52-week high price with 3.27%. GLW last month stock price volatility remained 1.67%.
Hanesbrands Inc. (NYSE:HBI) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 0.44% to 22.63 with around 3.23 Million shares have changed hands in this session. HanesBrands (HBI) reported that its BOD is raising the company’s quarterly cash dividend by 36 percent, the fourth consecutive double-digit annual increase since establishing the dividend four years ago. The board is raising the regular quarterly cash dividend to $0.15 per share, up from $0.11 per share. The dividend will be payable March 7, 2017, to stockholders of record Feb. 14, 2017.
“Continued earnings growth has allowed us to increase our quarterly cash dividend to shareholders for the fourth consecutive year,” Hanes Chief Executive Officer Gerald W. Evans Jr. said. “The company has tripled the cash dividend and returned more than $500 million to shareholders since April 2013.” The stock is going forward its fifty-two week low with 5.75% and lagging behind from its 52-week high price with -26.60%.
Similar, the positive performance for the quarter recorded as -7.93% and for the year was -20.84%, while the YTD performance remained at 4.91%. HBI has Average True Range for 14 days of 0.46.