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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Corning Inc | NYSE:GLW | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.82 | 2.58% | 32.60 | 7,026 | 12:35:02 |
From Apr 2019 to Apr 2024
By Maria Armental
Corning Inc. has approved spending up to $2 billion to buy back stock through the end of 2016, saying it believes the company's value is greater than its share price reflects.
The maker of specialty-glass products, including scratch- and crack-resistant Gorilla Glass which was instrumental in the development of the original iPhone, makes most of its money from the volatile TV-display business.
In the March quarter, the most recent results available, the New York company reported profit rose 35% with core sales increasing 4% to $2.43 billion.
Since October of 2011, Corning's board has approved five separate share repurchase programs for a combined total of $9 billion.
Shares, down nearly 17% this year, rose 1.3% to $19.30 in late trading.
Write to Maria Armental at maria.armental@wsj.com
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