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Corning Inc (GLW.N)

GLW.N on New York Stock Exchange

27.63USD
16 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Corning Reports Strong Second-Quarter Results With Year-Over-Year Growth Across All Businesses
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Corning Inc ::CORNING REPORTS STRONG SECOND-QUARTER RESULTS WITH YEAR-OVER-YEAR GROWTH ACROSS ALL BUSINESSES.Q2 GAAP EARNINGS PER SHARE $0.09.Q2 EARNINGS PER SHARE ESTIMATE $0.44 -- REFINITIV IBES DATA.ALL BUSINESS SEGMENTS ON TRACK FOR SALES GROWTH FOR FULL-YEAR 2019.QTRLY GAAP SALES OF $2.9 BILLION AND CORE SALES OF $3.0 BILLION INCREASED 7% AND 8%, RESPECTIVELY.ALL BUSINESS SEGMENTS ON TRACK FOR SALES GROWTH FOR FULL-YEAR 2019.IN DISPLAY TECHNOLOGIES, SECOND-QUARTER NET SALES WERE $848 MILLION, UP 9% YEAR OVER YEAR.QTRLY CORE EPS $0.45.Q2 REVENUE VIEW $2.98 BILLION -- REFINITIV IBES DATA.OPTICAL COMMUNICATIONS SECOND-QUARTER SALES WERE $1.09 BILLION, UP 7% YEAR OVER YEAR.Q2 DISPLAY TECHNOLOGIES SEQUENTIAL GLASS PRICE DECLINES WERE MODERATE AND MORE FAVORABLE THAN EXPECTED.QTRLY OPTICAL COMMUNICATIONS SALES GROWTH WAS LED BY HYPERSCALE DATA CENTER AND OPTICAL FIBER DEMAND.FOR FULL-YEAR 2019, OPTICAL COMMUNICATIONS YEAR-OVER-YEAR SALES GROWTH IS NOW EXPECTED TO BE UP BY A LOW- TO MID-SINGLE DIGIT PERCENTAGE.FY 2019 GLASS PRICE DECLINES ARE NOW EXPECTED TO BE A LOW- TO MID-SINGLE DIGIT PERCENTAGE.  Full Article

Corning Announces New $5 Bln Share Repurchase Authorization
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Corning Inc ::SETS REGULAR QUARTERLY DIVIDEND OF $0.20PER SHARE.CORNING ANNOUNCES QUARTERLY DIVIDEND AND NEW $5 BILLION SHARE REPURCHASE AUTHORIZATION.  Full Article

Corning Sets Quarterly Dividend Of $0.20 Per Share
Thursday, 2 May 2019 

May 2 (Reuters) - Corning Inc ::SETS QUARTERLY DIVIDEND OF $0.20PER SHARE.  Full Article

Corning Posts Q1 Core Earnings Per Share of $0.40
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Corning Inc ::REG-CORNING REPORTS STRONG FIRST-QUARTER 2019 FINANCIAL RESULTS AND CONTINUED PROGRESS ON STRATEGY AND CAPITAL ALLOCATION FRAMEWORK.Q1 CORE EARNINGS PER SHARE $0.40.Q1 GAAP EARNINGS PER SHARE $0.55.Q1 EARNINGS PER SHARE ESTIMATE $0.39 -- REFINITIV IBES DATA.IN DISPLAY TECHNOLOGIES, FIRST-QUARTER NET SALES WERE $818 MILLION, UP 10%.EXPECT TO GROW SALES SIGNIFICANTLY IN 2019 AND BEYOND.SECOND-QUARTER SEQUENTIAL GLASS PRICE DECLINES ARE EXPECTED TO REMAIN MODERATE.CORNING - FY GLASS PRICE DECLINES ARE EXPECTED TO IMPROVE FURTHER TO A MID-SINGLE DIGIT PERCENTAGE AND TO BE BETTER THAN IN 2018.FOR FULL-YEAR 2019, EXPECTS LIFE SCIENCES TO GENERATE SALES GROWTH OF A LOW TO MID-SINGLE DIGIT PERCENTAGE.SEES FY DISPLAY GLASS MARKET VOLUME TO INCREASE BY A MID-SINGLE DIGIT PERCENTAGE YEAR OVER YEAR.ON TRACK TO ACHIEVE GOALS OF 2016-2019 STRATEGY AND CAPITAL ALLOCATION FRAMEWORK.OPTICAL COMMUNICATIONS FIRST-QUARTER SALES WERE $1.06 BILLION, UP 20% OVER PRIOR YEAR.QTRLY OPTICAL COMMUNICATIONS FIRST-QUARTER SALES WERE $1.06 BILLION, UP 20% OVER PRIOR YEAR.FOR FULL-YEAR 2019, OPTICAL COMMUNICATIONS YEAR-OVER-YEAR SALES GROWTH IS NOW EXPECTED TO BE UP APPROXIMATELY 10%.QTRLY GAAP SALES OF $2.8 BILLION AND CORE SALES OF $2.9 BILLION INCREASED 12% AND 13%, RESPECTIVELY, YEAR OVER YEAR.Q1 REVENUE VIEW $2.83 BILLION -- REFINITIV IBES DATA.  Full Article

Corning Says CEO Wendell Weeks 2018 Total Compensation Was $14.9 Mln
Friday, 22 Mar 2019 

March 22 (Reuters) - Corning Inc ::CORNING INC SAYS CEO WENDELL WEEKS' FY 2018 TOTAL COMPENSATION WAS $14.9 MILLION VERSUS $16.9 MILLION IN FY 2017 - SEC FILING.CORNING - RATIO OF 2018 ANNUAL TOTAL COMPENSATION OF CEO TO MEDIAN OF ANNUAL TOTAL COMPENSATION OF ALL EMPLOYEES IS 286:1.  Full Article

Corning Accelerates Flow Reactor Commercialization
Thursday, 21 Mar 2019 

March 21 (Reuters) - Corning Inc ::CORNING ACCELERATES FLOW REACTOR COMMERCIALIZATION.CORNING INC - EXPECTS TO COMPLETE REACTOR MANUFACTURING FACILITY BEFORE END OF YEAR AND HAVE NEW HEADQUARTERS FULLY OPERATIONAL BY LATE 2020.CORNING INC - SIGNED AN INVESTMENT AGREEMENT WITH CHANGZHOU GOVERNMENT TO ESTABLISH A NEW HEADQUARTERS FOR CORNING'S ADVANCED-FLOW REACTORS BUSINESS.  Full Article

Corning Announces Quarterly Dividend Increase Of 16%
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Corning Inc ::REG-CORNING INCORPORATED: CORNING ANNOUNCES QUARTERLY DIVIDEND INCREASE OF 16%.CORNING INC - ‍DECLARED A QUARTERLY DIVIDEND OF $0.18 PER SHARE, A 16% INCREASE IN COMPANY'S QUARTERLY COMMON STOCK DIVIDEND​.  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

Corning says it expects no impact from U.S. ban sales to Huawei

Corning Inc on Thursday said it does not believe that a U.S. order potentially restricting sales of components to Chinese telecoms gear maker Huawei Technologies Co Ltd will have any material impact on its overall financial performance.