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Corning Inc (GLW.N)

GLW.N on New York Stock Exchange

31.59USD
14 Nov 2018
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$-0.44 (-1.37%)
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Latest Key Developments (Source: Significant Developments)

Corning Reports Q3 Core EPS Of $0.51
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Corning Inc ::REG-CORNING REPORTS THIRD-QUARTER 2018 FINANCIAL RESULTS AND CONTINUED PROGRESS ON STRATEGY AND CAPITAL ALLOCATION FRAMEWORK.CORNING INC - QTRLY GAAP EPS OF $0.67.CORNING INC - QTRLY CORE EPS OF $0.51, UP 28% YEAR OVER YEAR.CORNING INC - QTRLY GAAP AND CORE SALES OF $3 BILLION, UP 15% AND 16% RESPECTIVELY YEAR OVER YEAR.CORNING INC - COMPANY NOW EXPECTS SALES TO EXCEED $11.3 BILLION FOR FULL YEAR.CORNING INC Q3 EARNINGS PER SHARE VIEW $0.49, REVENUE VIEW $3.01 BILLION -- THOMSON REUTERS I/B/E/S.CORNING INC - NOW EXPECTS 42% GROSS MARGIN IN Q4.CORNING INC - QTRLY OPTICAL COMMUNICATIONS SEGMENT NET SALES WERE $ 1,117 MILLION VERSUS $917 MILLION REPORTED LAST YEAR.CORNING INC - QTRLY DISPLAY TECHNOLOGIES NET SALES $852 MILLION VERSUS $795 MILLION.CORNING INC - IN OPTICAL COMMUNICATIONS, Q4 SALES ARE EXPECTED TO BE UP BY A LOW-SINGLE DIGIT PERCENTAGE SEQUENTIALLY.CORNING - FOR DISPLAY TECHNOLOGIES, SEES PRICING IMPROVEMENT TREND TO CONTINUE IN Q4, SEES FY 2019 PRICE DECLINES TO FURTHER IMPROVE FROM 2018.CORNING INC - IN OPTICAL COMMUNICATIONS, FOR FULL-YEAR 2018, SALES ARE EXPECTED TO INCREASE BY A HIGH-TEENS PERCENTAGE OVER LAST YEAR.CORNING INC - EXPECTS Q4 DISPLAY GLASS MARKET VOLUME TO GROW BY A LOW-SINGLE-DIGIT PERCENTAGE SEQUENTIALLY.CORNING INC - EXPECTS FY GLASS MARKET VOLUME GROWTH OF MID-SINGLE-DIGIT PERCENT, AS TELEVISION SCREEN SIZE GROWTH CONTINUES.  Full Article

Corning Continues To Invest In Hefei Facility To Meet Growing Demand For Gasoline Particulate Filters
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Corning Inc ::CORNING CONTINUES TO INVEST IN HEFEI FACILITY TO MEET GROWING DEMAND FOR GASOLINE PARTICULATE FILTERS.CORNING INC - EXISTING HEFEI FACILITY WILL BE SCALING OPERATIONS OVER FIRST HALF OF 2019.CORNING INC - CONSTRUCTION OF NEW EXPANSION EXPECTED TO BE COMPLETED NEXT YEAR, PRODUCTION WILL COINCIDE WITH CHINA 6 REGULATORY IMPLEMENTATION.  Full Article

Corning To Invest In Manufacturing Facility For Automotive Glass Solutions
Monday, 16 Jul 2018 

July 16 (Reuters) - Corning Inc ::CORNING TO INVEST IN MANUFACTURING FACILITY FOR AUTOMOTIVE GLASS SOLUTIONS.CORNING INC - EXPECTS FACILITY TO BE FULLY OPERATIONAL IN 2019.CORNING INC - THE LATEST MANUFACTURING FACILITY "DEMONSTRATES CO'S CONTINUED COMMITMENT TO CHINA".CORNING INC - THE LATEST INVESTMENT UNDERSCORES CO'S "LONGSTANDING SUPPORT" OF CHINA MARKET.  Full Article

Corning Sets Quarterly Dividend Of $0.18 Per Share
Thursday, 26 Apr 2018 

April 26 (Reuters) - Corning Inc ::SETS QUARTERLY DIVIDEND OF $0.18 PER SHARE.  Full Article

Corning To Acquire Substantially All Of 3M's Communication Markets Division
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Corning Inc ::CORNING TO ACQUIRE SUBSTANTIALLY ALL OF 3M'S COMMUNICATION MARKETS DIVISION.CORNING INC - ‍CORNING EXPECTS TRANSACTION TO ADD $0.07-$0.09 TO 2019 EPS​.  Full Article

3M To Sell Substantially All Of Its Communication Markets Division For $900 Mln
Monday, 11 Dec 2017 

Dec 11 (Reuters) - 3M Co ::3M TO SELL SUBSTANTIALLY ALL OF ITS COMMUNICATION MARKETS DIVISION.3M CO - DEAL FOR $900 MILLION.3M CO - ‍APPROXIMATELY 500 3M EMPLOYEES ARE EXPECTED TO JOIN CORNING UPON COMPLETION OF TRANSACTION​.3M CO - 3M EXPECTS TO REALIZE A GAIN OF APPROXIMATELY $0.40 PER SHARE FROM TRANSACTION, NET OF ACTIONS RELATED TO DIVESTITURE.3M CO SAYS HAS ENTERED INTO AGREEMENTS RELATED TO SALE OF SUBSTANTIALLY ALL OF ITS COMMUNICATION MARKETS DIVISION TO CORNING INCORPORATED.3M CO - EXPECTS TO REALIZE A GAIN OF APPROXIMATELY $0.40 PER SHARE FROM DEAL, NET OF ACTIONS RELATED TO DIVESTITURE​.  Full Article

Corning reports Q3 core EPS of $0.43​
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Corning Inc :Reg-Corning reports third-quarter 2017 results.Corning Inc qtrly ‍ core EPS $ 0.43​.Corning Inc - qtrly ‍GAAP EPS $0.39​.Corning Inc - qtrly GAAP net sales $‍2,607​ million versus $2,507 million.Corning Inc qtrly optical communications segment GAAP net sales were $917​ million versus $795 million.Corning Inc - ‍specialty materials third-quarter segment sales rose 26% year over year, led by stronger Gorilla Glass shipments​.Corning Inc - qtrly display technologies segment core sales $‍860​ million versus $943 million.Q3 earnings per share view $0.41, revenue view $2.60 billion -- Thomson Reuters I/B/E/S.Corning Inc - Q4 optical communications segment ‍sales growth rate is expected to be a high single digit percentage on a year-over-year basis​.Corning Inc - ‍for Q4, sales growth rate in specialty materials​ is expected to increase by a low-to mid-teens percentage.Corning Inc - ‍"remain on track to deliver" framework goals​.Corning Inc - ‍for Q4, LCD glass market and corning volume are expected to be consistent with previous quarter in display technologies​.  Full Article

‍HEALTHE, CORNING ANNOUNCE COLLABORATION TO DEVELOP EYESAFE TECHNOLOGY
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Corning Inc :‍HEALTHE, CO ANNOUNCE COLLABORATION TO DEVELOP, INTRODUCE EYESAFE TECHNOLOGY MADE WITH ACCESSORY GLASS 2 BY CORNING​.  Full Article

UPDATE 1-Microsoft overtakes Amazon as second most valuable U.S. company

(Adds graphic on analyst price targets, updates share prices) By Noel Randewich SAN FRANCISCO, Oct 26 Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer's market capitalization. Apple Inc tops the list at over $1 trillion after crossing that threshold in September. Microsoft's market capitalization was Wall Street's highest in late 1998 throu