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3 years ago
Glass maker Corning's revenue jumps on higher demand for TVs
July 29, 2014 / 11:46 AM / 3 years ago

Glass maker Corning's revenue jumps on higher demand for TVs

1 Min Read

July 29 (Reuters) - Speciality glass maker Corning Inc reported a 25 percent jump in quarterly net sales, helped by higher demand for TVs in Europe and South America in the run-up to the football World Cup.

Corning, whose customers include Apple Inc and Samsung Electronics Co Ltd, said net sales rose to $2.48 billion in the second quarter from $1.98 billion a year earlier.

The company posted core earnings of 37 cents per share.

Corning's net income fell to $169 million, or 11 cents per share, in the second quarter, from $638 million, or 43 cents per share, a year earlier. (Reporting by Abhirup Roy in Bangalore; Editing by Simon Jennings)

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