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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 | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 33.38 | 48 | 12:37:00 |
From May 2019 to May 2024
By Ezequiel Minaya
Glass maker Corning Inc. (GLW) reported higher-than-expected third-quarter adjusted earnings, propelled by a 19% climb in revenue for its display technologies segment.
In June, Corning ended a 73-year joint venture with Dow Chemical Co., after it sold the remainder of its stake in Dow Corning for $4.8 billion in cash and 40% equity interest in Hemlock Semiconductor Group.
Over all, Corning posted a profit of $284 million, or 26 cents a share, compared with a profit of $212 million, or 15 cents a year earlier. Adjusted to exclude certain items, the company reported a profit of 42 cents a share, up from 34 cents a share a year earlier.
Revenue rose 10.3% to $2.51 billion.
Analysts polled by Thomson Reuters expected 38 cents per-share earnings on $2.52 billion in revenue.
Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com
(END) Dow Jones Newswires
October 25, 2016 08:05 ET (12:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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