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Corning Inc (GLW.N)

GLW.N on New York Stock Exchange

28.85USD
28 Apr 2017
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$-0.17 (-0.59%)
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Latest Key Developments (Source: Significant Developments)

Corning sets quarterly dividend of $0.155 per share
Thursday, 27 Apr 2017 08:45am EDT 

April 27 (Reuters) - Corning Inc ::Sets quarterly dividend of $0.155per share.  Full Article

Corning reports quarterly GAAP EPS $0.07
Tuesday, 25 Apr 2017 07:15am EDT 

April 25 (Reuters) - Corning Inc :Corning reports first-quarter 2017 financial results.Sees Q2 optical communications sales up about 10 percent.Quarterly GAAP EPS $0.07.Quarterly core EPS $0.39.Quarterly GAAP and core sales increased 16% and 14% to $2.38 billion and $2.49 billion, respectively.Says in Q2, in display technologies, overall LCD glass market and Corning's volume expected to increase by a low single-digit percentage sequentially.Q1 earnings per share view $0.35, revenue view $2.37 billion -- Thomson Reuters I/B/E/S.Says in Q2, overall LCD glass market and Corning's volume are expected to increase by a low single-digit percentage sequentially.Says for second-quarter 2017, environmental technologies segment sales are expected to be consistent with second-quarter 2016.Says in Q2, optical communications segment sales are expected to be up approximately 10% year over year.Says expect year-over-year sales and earnings growth in Q2.Says company is also seeing progress toward commercialization of gorilla glass for automotive.Says for Q2, specialty materials sales growth rate is expected to be in high teens year over year.  Full Article

Verizon, Corning agree to three-year fiber deal for $1.05 bln - CNBC
Tuesday, 18 Apr 2017 11:01am EDT 

April 18 (Reuters) - :Verizon agrees to $1.05 billion fiber-optic cable deal to grow its Fios platform - CNBC.Verizon says Corning to provide and for Verizon to purchase up to 12.4 million miles of optical fiber each year beginning in 2018 through 2020 - CNBC.  Full Article

Verizon signs 3-year minimum purchase deal with Corning for fiber optic cable
Tuesday, 18 Apr 2017 11:01am EDT 

April 18 (Reuters) - Verizon Communications Inc ::Verizon agrees to $1.05 billion three-year minimum purchase agreement with Corning for next-generation optical solutions.Verizon - agreement calls for Corning to provide and Verizon to purchase up to 20 million kilometers of optical fiber each year from 2018 through 2020.Verizon says Corning expects the capacity expansions to begin to come online in 2017 and become fully operational in 2018.Verizon - agreement with Corning incorporated to provide fiber optic cable and associated hardware.  Full Article

Corning announces new $4 bln share repurchase program
Wednesday, 7 Dec 2016 04:30pm EST 

Corning Inc : Board of directors has authorized a new $4 billion share repurchase program effective Dec. 7, 2016 .Corning announces new $4 billion share repurchase program.  Full Article

Corning Q3 gaap earnings per share $0.26
Tuesday, 25 Oct 2016 07:10am EDT 

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
Thursday, 28 Jul 2016 04:52pm EDT 

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 07:10am EDT 

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
Wednesday, 20 Jul 2016 03:30pm EDT 

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
Wednesday, 22 Jun 2016 05:32pm EDT 

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

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BRIEF-Corning sets quarterly dividend of $0.155 per share

* Sets quarterly dividend of $0.155per share Source text for Eikon: Further company coverage: