Silke
12.10.2000, 14:20
Before the Bell - Home Depot falls, Corning rises
10/12/00 8:17 AM ET
NEW YORK, Oct 12 (Reuters) - Shares in Home Depot Inc.
(HD.N) fell sharply in pre-opening trade on Thursday and shares
of fiber optics maker Corning Inc. (GLW.N) rose.
Home Depot was down at $39 on the Instinet electronic
broker system from a Wednesday close of $48-15/16.
Home Depot said it expected to report third-quarter
earnings per share of 28 cents. Wall Street analysts on average
had expected a profit of 31 cents per share, according to
research firm First Call/Thomson Financial.
The company blamed the shortfall in part on lower lumber
and building materials prices.
Corning Inc. (GLW.N) firmed to $88-3/8 from a close of $83.
The company said on Wednesday it expected to report
third-quarter pro forma earnings above Wall Street forecasts
10/12/00 8:17 AM ET
NEW YORK, Oct 12 (Reuters) - Shares in Home Depot Inc.
(HD.N) fell sharply in pre-opening trade on Thursday and shares
of fiber optics maker Corning Inc. (GLW.N) rose.
Home Depot was down at $39 on the Instinet electronic
broker system from a Wednesday close of $48-15/16.
Home Depot said it expected to report third-quarter
earnings per share of 28 cents. Wall Street analysts on average
had expected a profit of 31 cents per share, according to
research firm First Call/Thomson Financial.
The company blamed the shortfall in part on lower lumber
and building materials prices.
Corning Inc. (GLW.N) firmed to $88-3/8 from a close of $83.
The company said on Wednesday it expected to report
third-quarter pro forma earnings above Wall Street forecasts