April 24, 2018 / 11:21 AM / in a month

Gorilla Glass maker Corning reports quarterly loss

April 24 (Reuters) - Corning Inc on Tuesday reported a quarterly loss compared with a year-ago profit, hit by higher investments and soft demand for LCD glasses used in television and desktops.

The company’s net loss was $589 million, or 72 cents per share in the first quarter, compared with a profit of $86 million, or 7 cents per share, a year earlier.

Net sales rose to $2.50 billion from $2.38 billion.

Reporting by Laharee Chatterjee in Bengaluru; Editing by Maju Samuel

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