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Corning GLW (NYSE: GLW) Reports Q4 Beat, Stock Decline
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Corning GLW (NYSE: GLW) reported Q4 results with revenues above estimates and earnings meeting the street estimates. The company's stock has seen a decline of 15% from levels of $35 in early 2021 to around $30 now, with underperformance compared to the S&P 500. However, the company's valuation is estimated to be appropriately priced at $32 per share.
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How does Corning's performance compare to its peers in the industry?
What factors contributed to the decline in Corning's stock value?
What impact might the decline in Corning's stock value have on the company's future prospects?
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