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Corning Inc (GLW.N)

GLW.N on New York Stock Exchange

33.83USD
22 Mar 2019
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Latest Key Developments (Source: Significant Developments)

Corning Announces Quarterly Dividend Increase Of 11 Pct
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Corning Inc ::CORNING ANNOUNCES QUARTERLY DIVIDEND INCREASE OF 11%.INCREASES QUARTERLY DIVIDEND BY 11 PERCENT TO $0.20PER SHARE.  Full Article

Corning reports fourth-quarter results
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Corning Inc ::CORNING REPORTS EXCELLENT FOURTH-QUARTER AND FULL-YEAR 2018 FINANCIAL RESULTS AND CONTINUED PROGRESS ON STRATEGY AND CAPITAL ALLOCATION FRAMEWORK.Q4 CORE EARNINGS PER SHARE $0.59.Q4 EARNINGS PER SHARE ESTIMATE $0.57 -- REFINITIV IBES DATA.Q4 GAAP EARNINGS PER SHARE $0.32.QTRLY CORE SALES OF $3.1 BILLION, UP 15 PCT YEAR OVER YEAR.FOR FULL-YEAR 2019, CORNING EXPECTS DISPLAY GLASS MARKET VOLUME TO GROW BY A MID-SINGLE DIGIT PERCENTAGE.QTRLY DISPLAY TECHNOLOGIES SEGMENT NET SALES $899 MILLION VERSUS $783 MILLION.OPTICAL COMMUNICATIONS BUSINESS IS ON TRACK TO SURPASS ITS GOAL OF $5 BILLION IN 2020 SALES.COMPANY EXPECTS ANOTHER YEAR OF GROWTH IN OPTICAL COMMUNICATIONS IN 2019.IN Q4, DISPLAY GLASS MARKET VOLUME GREW BY A LOW-SINGLE-DIGIT PERCENTAGE SEQUENTIALLY AND CORNING'S VOLUME GREW MORE.FOR FULL-YEAR 2019, EXPECTS DISPLAY GLASS MARKET VOLUME TO GROW BY MID-SINGLE DIGIT PERCENTAGE.FOR FULL-YEAR 2019, CORNING EXPECTS DISPLAY GLASS MARKET VOLUME TO GROW BY A MID-SINGLE DIGIT PERCENTAGE.OPTICAL COMMUNICATIONS FULL-YEAR SALES EXPECTED TO BE UP BY A LOW-TEENS PERCENTAGE, WITH Q1 SALES UP IN LOW-20 PERCENT RANGE YOY.EXPECTS ITS 2019 DISPLAY MARKET VOLUME TO GROW MORE THAN MARKET, RESULTING FROM RAMP OF ITS GEN 10.5 FACILITY DURING 2018.CORNING - IN Q1, PRICE DECLINES ARE EXPECTED TO REMAIN MODERATE AND BE MOST FAVORABLE FIRST-QUARTER PRICE CHANGE IN OVER A DECADE.OPTICAL COMMUNICATIONS FOURTH-QUARTER SALES EXCEEDED $1 BILLION AND WERE UP 26% YEAR OVER YEAR.  Full Article

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

Smartphone screen maker Corning beats revenue, profit estimates

Apple supplier Corning Inc bucked the trend for shaky phone and chipmaker results on Tuesday, beating expectations for both revenue and profit in the fourth quarter, helped by demand from telecom companies looking to upgrade their networks to 5G.