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Article: Corning Announces Third-Quarter Results.(Financial report)
- Article from:
- Telecommunications Weekly
- Article date:
- November 11, 2009
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Corning Incorporated (NYSE:GLW) announced its results for the third quarter of 2009, as well as its expectations for the remainder of the year. Third-Quarter Highlights Sales were $1.5 billion, up 6% sequentially.
Earnings per share were $0.41. Excluding special items, EPS was $0.42*, a sequential gain of 8%.
Display Technologies combined glass volume, including Corning's wholly owned business and Samsung Corning Precision Glass Co., Ltd. (SCP), increased 4% over a very strong second quarter. Volume in the company's wholly owned business was consistent with the second quarter, while SCP's volume increased 7%. Glass pricing was comparable to the previous ...