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Corning Inc (GLW)

GLW on New York Consolidated

30.42USD
26 Jul 2017
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Latest Key Developments (Source: Significant Developments)

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

Corning Inc says expect continuing moderate sequential LCD glass-price declines
Wednesday, 1 Jun 2016 07:35am EDT 

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

Corning announces extension of tender offer for shares of AFOP
Friday, 13 May 2016 04:15pm EDT 

Corning Inc : Corning announces extension of tender offer for shares of AFOP .Tender offer has been extended until 5:00 p.m., New York City time on June 3, 2016.  Full Article

Corning Inc declares quarterly dividend
Thursday, 28 Apr 2016 09:55am EDT 

Corning Inc:Declared a 13.5 cents per share quarterly dividend on the company's common stock.Dividend will be payable on June 30, 2016 to holders of record on May 31.  Full Article

Corning Inc announces dividend increase of 12.5%
Wednesday, 3 Feb 2016 10:20am EST 

Corning Inc:Declared a quarterly dividend of $0.135 per share, a 12.5% increase in the company's quarterly common stock dividend.2016 first-quarter dividend is payable on March 31, 2016, to shareholders of record on Feb. 25, 2016.  Full Article

Corning Inc and Saint- Gobain says new joint venture to produce lightweight glazing for the automotive market
Tuesday, 19 Jan 2016 06:45am EST 

Corning Inc:Saint-gobain and Corning announce new joint venture to produce lightweight glazing for the automotive market.Says venture is expected to build manufacturing facilities to meet worldwide automotive market demand.Says agreement is subject to the approval of the relevant competition authorities.  Full Article