Corning, Inc. (GLW)

[concapk]

New poster...

Corning showed a reduced "cash flow of $151m " this quarter under other cash assets.... looking at the financials it reflected in 8k on 04-26-2022 a loss of $709m vs positive $26m in 12-31-2021 report.... am I reading this right that the loss is attributed to " derivatives loss " .... this is a good company ... a value oriented co. but shows weak cash flow.... that's hurting stock price.

[concapk]

New poster...

Corning showed a reduced "cash flow of $151m " this quarter under other cash assets.... looking at the financials it reflected in 8k on 04-26-2022 a loss of $709m vs positive $26m in 12-31-2021 report.... am I reading this right that the loss is attributed to " derivatives loss " .... this is a good company ... a value oriented co. but shows weak cash flow.... that's hurting stock price.

[Cat dog]

We continue to climb @ 75 in mid October GLW is a Beautiful opportunity and a Beast

[Cat dog]

We have a Runner !! GLW to @75 per share

[Tenseevol]

Made it! Any more predictions?

[finwizroger]

This goes over $40+ very soon

[Abdullah10]

Very exciting and highly anticipated few months ahead on this ticker!! This bird is prepared for takeoff

[@LaughinPaulRyan]

“To realize its full potential, 5G deployment needs to become efficient and predictable. Our collaboration with Corning is aimed at simplifying the powering process and fiber connectivity to fast-forward deployment,” said Drew Zogby, president, EnerSys Energy Systems Global. “The output of this collaboration will minimize logistics with power utilities, reduce the amount of time for permitting and siting, simplify fiber connectivity, and lower the overall cost of installation and deployment.”

[@LaughinPaulRyan]

“The deployment scale of 5G small cells is placing significant pressure on utilities to provide power at each location, delaying service availability,” said Michael O’Day, vice president, Corning Optical Communications. “Corning and EnerSys(ENS) will focus on simplifying deployment by bringing together the delivery of optical connectivity and power distribution – making installation faster and less costly and providing much lower operational costs over time. Corning continues to view 5G as a major driver of long-term growth in the Optical Communications business, so we’re proud to continue co-innovating with industry leaders to help accelerate 5G deployment.”

[@LaughinPaulRyan]

The collaboration will leverage Corning's industry-leading fiber, cable, and connectivity expertise and EnerSys’ technology leadership in remote powering solutions. The companies are working to solve infrastructure challenges in the deployment of 5G and small cells in outside plant networks.

Corning and EnerSys(ENS) will focus on two types of challenges facing wireless service providers and network architects in the deployment of outdoor small cells: electrical power and fiber connectivity. Power is often assumed to be available when and where needed, but, in reality, connections to small-cell sites from the electrical grid are not always readily available – increasing deployment costs and delaying network activation. Meanwhile, small cell locations that optimize signal coverage may not align well with the fiber pathways that provide the necessary backhaul. Identifying easily placed fiber access points and the pathway to reach them is key to avoiding costly delays.

The Corning and EnerSys(ENS) collaboration will accelerate the development of solutions to deliver distributed powering and optical connectivity, helping telecommunications operators ultimately move toward routine deployment of 5G.

[@LaughinPaulRyan]

CORNING, NY, July 15, 2020 (GLOBE NEWSWIRE) -- Corning Incorporated(GLW) and EnerSys(ENS) today announced a strategic collaboration to speed 5G deployment by simplifying the delivery of fiber and electrical power to small-cell wireless sites.

[ITMS]

Corning $GLW Sunk After Cutting Its Outlook And Still Has Lower To Go

A couple of days ago, leading specialty glass and ceramics manufacturer, Corning Inc (NYSE:GLW), tumbled after cutting its outlook for two large parts of its business. Corning warned that it is reducing its expectations for its Optical Communications and Display Technologies segments. The stock was trading around $34.00 a share in late July. After the recent news, share of GLW are now trading around $27.90 a share. Currently, the stock is sitting right on its 200-week moving average. This key moving average has been holding as support since mid-August. The longer the stock bases along the 200-week moving average the more likely it is to break lower. The next major support level for GLW will be around the $24.50 level. This support area is where the stock broke out in January 2017. Often, stocks will be defended when prior break-out levels are retested.





Nick Santiago
InTheMoneyStocks

[TheGreatSwami]

Corning should buy GTAT then Apple should buy Corning.

[TFMG]

Corning is a great company with very diversified income streams but is often just associated with phone screens, which may have hurt its share price given the negative growth in smartphones. The company is currently very close to the analysts price estimate of $36 and from a charting perspective indicators are neutral. Despite good earnings the stock could sell off ass previous reports, so we will wait and see before reassessing our view.


Corning , Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies.

[cornbread]

Sad they built in Montreal.

[mkendra]

Nice earnings report. Should see some analyst upgrades soon.

[mkendra]

Here we go.

[mkendra]

Upwards. Gonna be a freight train !

[MisterEC]

BOT more@ 28.40 that I sold for 28.75 in 2017. This market correction/Bear is not over yet. I also bought some long term calls, and will buy more if it falls further.

[ITMS]

Corning Inc (GLW) Drops After Earnings, Know This Trade Level

Corning Incorporated (NYSE:GLW) manufactures and sells specialty glasses, ceramics, and related materials throughout the world. The company is best known as the maker of gorilla glass that is used in many mobile devices. Yesterday, the stock plunged lower by 7.5 percent after reporting earnings. Today, the stock is trying to bounce back a bit, but this is common after a sharp flush. Traders and investors should note that the stock is now trading below its important 50-day moving average. This puts the equity in a weak technical position. The stock should have major chart support around the $29.00 level. This is where the equity broke out in September 2017. Often, prior breakout levels will serve as major chart support when retested.




Gareth Soloway
InTheMoneyStocks

[mkendra]

Gonna be a great year ! Nice earnings report !

[Tonymann]

$GLW's optical fiber sales reached the one billionth kilometer in 3Q; the stock is headed for a record high in nearly two decades.

[MisterEC]

Corning beats by $0.02, beats on revenue

Oct. 24, 2017 7:51 AM ET|About: Corning Inc. (GLW)|By: Gaurav Batavia, SA News Editor
Corning (NYSE:GLW): Q3 EPS of $0.43 beats by $0.02.

Revenue of $2.7B (+5.9% Y/Y) beats by $100M.

Shares +3.3% PM.

Corning Inc. (GLW)FORM 8-K

GLW up 0.35 in pre market!

[$Pistol Pete$]

$GLW https://www.stocknewsjournal.com/2017/10/03/earnings-clues-on-corning-incorporated-glw-adobe-systems-incorporated-adbe-analysts-predictions/
Earnings Clues on Corning Incorporated (GLW), Adobe Systems Incorporated (ADBE) Analyst's Predictions
StockNewsJournal - 13h ago


Corning Incorporated (GLW) have shown a high EPS growth of 12.70% in the last 5 years and has earnings rose of 224.00% yoy.https://www.stocknewsjournal.com/2017/10/03/earnings-clues-on-corning-incorporated-glw-adobe-systems-incorporated-adbe-analysts-predictions/Earnings Clues on Corning Incorporated (GLW), Adobe Systems Incorporated (ADBE) Analyst's Predictions
StockNewsJournal - 13h ago


Corning Incorporated (GLW) have shown a high EPS growth of 12.70% in the last 5 years and has earnings rose of 224.00% yoy.

[MisterEC]

Then you missed DDD that I retired on. GLW is my largest position right now.

[bar1080]

Corning is your only stock that meets all 15 of my criteria for prudent, successful investing. Or at last 14 of the 15 as I avoid cutting edge tech stocks which I guess Corning has been for decades.

My guess is 99% of IHUBbers would have benefited from sticking with NYSE issues, or at least the very largest NASDAQ stocks.

The main advantages of NYSE stock is that they should perform better in tough times. (of course every IHUBber thinks he can dump in time). And fraud on the NYSE is incredibly rare... about one or two major cases a year out of 2,500 NYSE stocks.

[$Pistol Pete$]

$GLW Daily and Weekly Chart

[$Pistol Pete$]

$GLW Daily and Weekly Charts

[Burdock]

a slight dip, opportunity to buy some cheaper shares as it's likely to go way up

[1center]

Nice chart Pete, $GLW accelerating the supply of Corning Valor(TM) Glass to the pharmaceutical industry.
http://ih.advfn.com/p.php?pid=nmona&article=75292786&symbol=GLW

[$Pistol Pete$]

$GLW Daily and Weekly Ichimoku Chart





http://www.investopedia.com/walkthrough/forex/advanced/level7/ichimoku-cloud.aspx

[1center]

Corning $GLW Earning Somewhat Favorable Press Coverage, Report Shows
Posted by Charlotte Bryant on Jul 16th, 2017

traded up 0.81% on Friday, hitting $31.07. The stock had a trading volume of 3,921,064 shares. Corning has a 1-year low of $20.76 and a 1-year high of $31.18. The firm has a market cap of $28.59 billion, a P/E ratio of 15.69 and a beta of 1.41. The firm’s 50-day moving average price is $29.46 and its 200-day moving average price is $27.34.

https://www.chaffeybreeze.com/2017/07/16/corning-nyseglw-earning-somewhat-favorable-press-coverage-report-shows.html

[PWD]

This stock seems under priced with a PE only around 9. Surely it deserves something nearer twice that with all the positive developments surrounding gorilla glass? That would put the stock nearer $60 than $30

[$Pistol Pete$]

$GLW Daily and Weekly Charts

[$Pistol Pete$]

$GLW Trader's Cheat Sheet

http://www.barchart.com/cheatsheet.php?sym=GLW

[1center]

$GLW..29.77 Corning Investor Meeting 2017 June 16,2017...

http://investor.shareholder.com/corning/eventdetail.cfm?EventID=178486&AcceptDisclaimer=yes

[$Pistol Pete$]

$GLW Corning Launches Multiuse Platform to Cost-Effectively Prepare Networks for 4G Densification and 5G

Source: GlobeNewswire


CORNING, N.Y.; JUNE 12, 2017 - Corning Incorporated (NYSE: GLW) has launched its multiuse platform, the industry's first solution to offer a combination of multifiber and single-fiber connection points, making it easier for carriers, operators, and municipalities to quickly deploy fiber-deep access networks. The multiuse platform will be featured in Corning's booth #401 at 2017 Fiber Connect, June 12-13 in Orlando, Florida.

Capable of supporting a mix of network architectures in the same fiber optic backbone, the multiuse platform is a major advancement for LTE connectivity and a 5G future.

"With current mobile demand and new wireless standards on the horizon, the need for easy access and reliable, secure connectivity will continue to surge," said Bob Whitman, vice president of market development, Carrier Networks, Corning Optical Communications. "As the leader in fiber optic networks, we're expanding our preconnectorized solutions with flexible deployment options that are cost-effective and future-ready. The multiuse platform's converged architecture is smaller and offers versatile components that can be customized to fit a wide variety of needs."

The multiuse platform includes:

A new local convergence cabinet that is significantly smaller and lighter than standard industry offerings. These cabinets house a variety of splitter types and accommodate pass-through fibers, making them easy to deploy across every network connection point. Plus, they enable a fully preterminated experience in the distribution network, eliminating the need for costly, disruptive field work. Technicians simply plug in feeder and distribution cables with factory-installed hardened connectors - meaning no field splicing is required from the cabinet out.
An expanded array of factory-installed, sealed network access points with single-fiber and multifiber options. Enabling fast, plug-and-play connectivity, these products now allow network operators to deliver a tailored mix of fiber counts for residential, business, wireless backhaul, and wholesale purposes - all from the same network location.
By eliminating splice points and offering an innovative plug-and-play cabinet, the multiuse platform's benefits include up to 50 percent savings in labor costs compared with field-termination methods, plus the assurance of factory-terminated performance. Furthering the value of traditional preconnectorized solutions, the new multiuse platform reduces total installed cost by up to 20 percent.

"Committed to enabling a world where everyone has access to broadband connectivity, Corning continuously invests in R&D to innovate technology that addresses customer challenges including speed of deployment, labor costs, performance, and network future-readiness," Whitman said.

Corning is the leader in optical fiber, cable, and connectivity solutions. Since ushering in the communications revolution with the invention of low-loss optical fiber more than four decades ago, we continue to leverage our core technologies, manufacturing assets, and close customer collaborations to deliver innovations that increase speed and capacity, while reducing installation costs, for next-generation networks.

Since 2004, Corning's preterminated products including the FlexNAP(TM) system and OptiTip® connector have enabled mass deployment of fiber to the home. Today, Corning's solutions have passed more than 35 million homes worldwide.

Also at Fiber Connect, Corning will highlight its end-to-end solutions, from the central office to the subscriber premises. Additionally, Corning experts will speak in technical forums about the short- and long-term benefits of optical fiber in access networks.

Among the Corning experts will be Kevin Bourg, optical network architect for Corning Optical Communications, who will present "Network Convergence of Carrier Services" at 9:45 a.m. on June 12. Bourg will demonstrate how a single converged fiber network supporting both wireline and wireless operations can deliver a 15-50 percent cost savings to operators.

Forward-Looking and Cautionary Statements
This press release contains "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning's financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effect of global political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are detailed in Corning's filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.

Digital Media Disclosure
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated ("Corning") wishes to notify investors, media, and other interested parties that it intends to use its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors. The list of websites and social media channels that the company uses may be updated on Corning's media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company's SEC filings, press releases, conference calls, and webcasts.

About Corning Incorporated
Corning (www.corning.com) is one of the world's leading innovators in materials science. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people's lives. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges. Corning's businesses and markets are constantly evolving. Today, Corning's products enable diverse industries such as consumer electronics, telecommunications, transportation, and life sciences. They include damage-resistant cover glass for smartphones and tablets; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for high-speed communications networks; trusted products that accelerate drug discovery and manufacturing; and emissions-control products for cars, trucks, and off-road vehicles.

Media Relations Contacts:
Justin Nicolette
[phone]
[e-mail]

Joe Dunning
[phone]
[e-mail]

Investor Relations Contact:
Ann H.S. Nicholson
[phone]
[e-mail]

Follow Corning: RSS Feeds | Facebook | Twitter | YouTube




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Corning Incorporated via Globenewswire

[$Pistol Pete$]

$GLW Daily and Weekly Charts

[1center]

GLW..Excellent thanks..29.555 +0.385 (+1.32%)
Bid (Size)
29.55 (2700)
Ask (Size)
29.56 (2600)
Volume
5,344,166

[MisterEC]

All time high on good volume. Ex Div tomorrow for 0.155, too.

[$Pistol Pete$]

$GLW Daily and Weekly Chart

[$Pistol Pete$]

Nice news

[1center]

Corning Inc. $GLW announces Samsung Display's selection of Corning Lotus(TM) NXT Glass #technology
...In addition to the use of Corning Lotus NXT Glass, the Galaxy S8 and S8+ also feature Corning® Gorilla® Glass 5...

Samsung Galaxy S8 and S8+ feature panels enabled by Lotus NXT Glass

CORNING, N.Y., MAY 18, 2017 - Corning Incorporated (NYSE: GLW) announces Samsung Display's selection of Corning Lotus(TM) NXT Glass as the carrier glass for its line of polyimide (PI) low-temperature polysilicon (LTPS) organic light-emitting diode (OLED) panels, which today power the Samsung Galaxy S8 and S8+.

Both the Galaxy S8 and S8+ contain a flexible OLED panel, which requires a carrier glass to support the panel's polyimide substrate during a demanding manufacturing process.

Samsung Display, a global leader in display panel technology and products, selected Lotus NXT Glass as its carrier glass due to its industry-leading dimensional stability, pristine surface quality, and its high and uniform UV transmission, which allows for efficient laser removal of the panel from its Lotus NXT Glass carrier. (Learn more about OLED technology and the role of a carrier glass.)

Samsung Display produces flexible LTPS-OLED panels for its customers, who use them in smartphones and tablets with the latest curved displays. Samsung Display's PI LTPS-OLED panels enabled by Lotus NXT Glass are most recently included in the Galaxy S8 and S8+, the newest products of Samsung Electronics Co., Ltd.

The Galaxy S8 and S8+, introduced on March 29, push the boundaries of traditional smartphones with their design. The Infinity Displays on both the Galaxy S8 and S8+ take up nearly the full front of the device to provide an optimal viewing experience. The Infinity Display's sleek dual-edge design provides the appearance of an overflowing surface, breaking down boundaries and expanding new opportunities, one edge at a time.

"Together with Samsung Display, we are enabling consumer electronic devices with leading industrial design, while improving the user experience," said Michael Kunigonis, business director, High Performance Displays, Corning Glass Technologies. "Lotus NXT Glass, the product of Corning's world-class glass formulation and fusion capabilities, helps panel makers compete in the dynamic mobile LTPS-OLED market. We optimized Lotus NXT Glass as both a carrier glass for flexible OLED panels and as a glass substrate for rigid OLED panels. We're excited to keep enabling the future of handheld OLED devices."

In addition to the use of Corning Lotus NXT Glass, the Galaxy S8 and S8+ also feature Corning® Gorilla® Glass 5, the latest generation of Corning's industry-leading cover glass. Gorilla Glass 5 raises the bar for protection against drops onto hard and rough surfaces, making it ideal for consumer electronic devices. Gorilla Glass 5 continues to deliver the damage resistance, optical clarity, and touch sensitivity for which Gorilla Glass is known.

http://ih.advfn.com/p.php?pid=nmona&article=74639213&symbol=GLW

[1center]

$AAPL $GLW Apple's big Corning investment hints at wireless charging and AR plans
Apple could be counting on Corning to build glass or ceramic materials to support wireless charging in the next iPhones, says an Oppenheimer analyst.
Corning might also build lightweight glass necessary for Apple's rumored augmented reality glasses....

http://www.cnbc.com/2017/05/12/apple-corning-investment-wireless-charging-augmented-reality.html


Apple awards Corning first Advanced Manufacturing Fund investment
$200M Investment Supports Revolutionary Glass Production Methods
https://nr.apple.com/dE4i2C1A1T

Corning Incorporated (USA)
https://www.corning.com/worldwide/en.html

[$Pistol Pete$]

$GLW 15' Chart

[$Pistol Pete$]

$GLW Daily and Weekly Chart

[$Pistol Pete$]

$GLW Corning Declares Quarterly Dividend

Source: GlobeNewswire


CORNING, N.Y.; APRIL 27, 2017 - Corning Incorporated's (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.155 per share on the company's common stock. The dividend will be payable on June 30, 2017, to shareholders of record on May 31, 2017.

Forward-Looking and Cautionary Statements
This press release contains "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning's financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effect of global political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are detailed in Corning's filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.

Digital Media Disclosure
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated ("Corning") wishes to notify investors, media, and other interested parties that it intends to use its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors. The list of websites and social media channels that the company uses may be updated on Corning's media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company's SEC filings, press releases, conference calls, and webcasts.

About Corning Incorporated
Corning (www.corning.com) is one of the world's leading innovators in materials science. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people's lives. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges. Corning's businesses and markets are constantly evolving. Today, Corning's products enable diverse industries such as consumer electronics, telecommunications, transportation, and life sciences. They include damage-resistant cover glass for smartphones and tablets; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for high-speed communications networks; trusted products that accelerate drug discovery and manufacturing; and emissions-control products for cars, trucks, and off-road vehicles.

Media Relations Contact:
Daniel F. Collins
[phone]
[e-mail]

Investor Relations Contact:
Ann H.S. Nicholson
[phone]
[e-mail]

Follow Corning: RSS Feeds | Facebook | Twitter | YouTube




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Corning Incorporated via Globenewswire

[$Pistol Pete$]

Looking good

[1center]

$GLW $AAPL Shares of Corning Inc. GLW, +1.03% rallied 1.6% in premarket trade Friday, after Apple Inc. AAPL, +0.93% said its new Advanced Manufacturing Fund will invest $200 million in the optical fiber maker. The investment will support research and development, capital equipment needs and glass processing, Apple said. "Corning is a great example of a supplier that has continued to innovate and they are one of Apple's long-standing suppliers," said Apple Chief Operating Officer Jeff Williams. "This partnership started 10 years ago with the very first iPhone, and today every customer that buys an iPhone or iPad anywhere in the world touches glass that was developed in America." Apple's Advanced Manufacturing Fund is committed to investing at least $1 billion with U.S.-based companies to foster innovative production. Corning's stock has surged 19% year to date through Thursday, while Apple shares have soared 33% and the S&P 500 SPX, -0.14% has gained 7%.

[1center]

$GLW 28.94 hopefully more grow a head. #technology...

Corning Reports First-Quarter 2017 Financial Results
Corning, N.Y. | Corning Incorporated | April 25, 2017
Company achieves year-over-year growth across all businesses Strategy and Capital Allocation Framework continues to deliver value to shareholders
Corning Incorporated (NYSE: GLW) today announced results for first-quarter 2017.
News Summary:
Strong first-quarter results demonstrate the company’s continued positive momentum. Compared to the first quarter of 2016: GAAP EPS increased $0.43 to $0.07; core EPS rose 39% to $0.39; GAAP and core sales increased 16% and 14% to $2.38 billion and $2.49 billion, respectively
Solid performance across all business segments highlighted by: sales growth in Optical Communications; continued rapid adoption of Corning® Gorilla® Glass 5; and continued glass price moderation in Display Technologies
Further advancement on Strategy and Capital Allocation Framework initiatives: more than $6.5 billion returned to shareholders since Framework’s introduction in October 2015; technical and commercial progress demonstrated value of focused portfolio
Year-over-year growth in sales and EPS expected to continue in the second quarter

“We are very pleased with the excellent performance and growth across all of our businesses this quarter,” said Wendell P. Weeks, chairman, chief executive officer and president. “The strategic and financial benefits of Corning’s cohesive portfolio are becoming even more apparent. We are on track to deliver our 2017 objectives and overall Framework goals. Looking into the second quarter, we expect our momentum to be further demonstrated with year-over-year sales and EPS growth.”.....

More..
https://www.corning.com/worldwide/en/about-us/news-events/news-releases/2017/04/corning-reports-first-quarter-2017-financial-results.html