Shares at Corning have fallen after the specialty glassmaker announced its third quarter sales of glass for liquid crystal display (LCD) televisions would be lower than originally forecast.

The company recently announced that the industry is preparing for the retail demand for televisions to slow in the second half of 2011.

The stock fell 66 cents, or 4.6%, to $13.70. Shares have been on a steady decline since March 2011 and hit a year-low of $13.15 per share in late August 2011.