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Corning Inc (GLW.N)

GLW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Corning Q3 gaap earnings per share $0.26
Tuesday, 25 Oct 2016 

Corning Inc : Announces third-quarter 2016 financial performance . Q3 gaap earnings per share $0.26 . Q3 earnings per share view $0.38 -- Thomson Reuters I/B/E/S . Q3 display technologies segment core sales were $943 million versus $936 million . Expects panel maker utilization to remain high and for glass supply to remain tight in q4 . Fourth-Quarter sales of optical communications segment are expected to increase by a high-single-digit percentage . Says third-quarter sales in optical communications were up 6% on a year-over-year basis . For Q4, environmental technologies segment sales are expected to be down year over year by a low-single digit percentage . Says expect continued year-over-year core sales, core earnings, and core eps growth in q4 . Qtrly gaap net sales $2,507 million versus $2,272 million . Q3 revenue view $2.52 billion -- Thomson Reuters I/B/E/S . Q4 earnings per share view $0.40, revenue view $2.53 billion -- Thomson Reuters I/B/E/S .For q4, specialty materials sales are expected to increase by a high-single-digit percent year over year driven by volume growth in gorilla glass.  Full Article

Corning says it entered into an accelerated share repurchase transaction with Morgan Stanley & Co. LLC - SEC Filing
Friday, 29 Jul 2016 

Corning Inc : Accelerated share repurchase transaction to repurchase $2 billion of Co's common stock in two tranches of $1.5 billion and $500 million, respectively . Made a $2 billion payment to morgan stanley on July 28, 2016, received an initial delivery of 74.5 million shares of corning stock from Morgan Stanley . Says on July 28, 2016, corning entered into an accelerated share repurchase transaction with Morgan Stanley & Co. LLC - sec filing .Final settlement of both tranches of asr is expected to occur in Q4 of 2016.  Full Article

Corning reports Q2 GAAP earnings per share of $1.87
Wednesday, 27 Jul 2016 

Corning Inc : Q2 GAAP earnings per share $1.87 . Quarterly core EPS $0.37 . Quarterly core sales $2.44 billion, down 3 percent . Q2 earnings per share view $0.32, revenue view $2.38 billion -- Thomson Reuters I/B/E/S . In Q3, Corning expects optical communications demand to remain strong and sales to grow by about 10 percent on a year-over-year basis . Says in Q3 it expects LCD glass price declines to remain moderate and consistent with Q2 . Says In Q3, Demand For Corning's LCD Glass Is expected To Increase By A mid-single-digit percentage sequentially . Company announces $2 billion accelerated share repurchase . Increased cash it expects to distribute to shareholders through 2019 to more than $12.5 billion . Quarterly GAAP net sales $2.36 billion, up 1 percent . In Q3, expects optical communications demand to remain strong and sales to grow approximately 10 percent on a year-over-year basis . In Q3, anticipates environmental technologies sales to decline slightly on a year-over-year basis due to foreign exchange rates .Sees Q3 specialty materials segment sales expected to be consistent with last year's third-quarter sales, and up sequentially.  Full Article

Corning unveils corning gorilla glass 5
Thursday, 21 Jul 2016 

Corning Inc : Corning unveils corning gorilla glass 5 .Corning gorilla glass 5 is commercially available, is expected to be on product models from later this year.  Full Article

Biological Industries announces agreement with Mediatech
Thursday, 23 Jun 2016 

Corning Inc : Announces new agreement with Mediatech Inc a Corning subsidiary . Under general terms, corning will commercialize a joint-labeled Nutristem Hpsc Xf medium .Nutristem hpsc xf medium will continue to be manufactured by biological industries.  Full Article

Corning Inc says expect continuing moderate sequential LCD glass-price declines
Wednesday, 1 Jun 2016 

Corning Inc : Increasing cash we expect to distribute to shareholders to more than $12.5 billion .See continuing moderate sequential lcd glass-price declines, ongoing benefit from new hedges added to reduce exposure to weaker yen.  Full Article

BRIEF-Corning CEO Wendell Weeks' 2017 Total Compensation $16.9 Mln Vs $11.3 Mln

* CORNING INC - CEO WENDELL P. WEEKS' 2017 TOTAL COMPENSATION $16.9 MILLION VERSUS $11.3 MILLION IN 2016 - SEC FILING Source text: (http://bit.ly/2GAtHCU) Further company coverage: