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Corning Inc (GLW.N)

GLW.N on New York Stock Exchange

31.80USD
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Corning reports Q3 core EPS of $0.43​
Tuesday, 24 Oct 2017 07:15am EDT 

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 10:10am EDT 

Oct 19 (Reuters) - Corning Inc :‍HEALTHE, CO ANNOUNCE COLLABORATION TO DEVELOP, INTRODUCE EYESAFE TECHNOLOGY MADE WITH ACCESSORY GLASS 2 BY CORNING​.  Full Article

Youngy Group and Corning form joint venture
Friday, 29 Sep 2017 08:45am EDT 

Sept 29 (Reuters) - Corning Inc :Youngy Group and Corning form joint venture.Corning Inc - ‍corning And Youngy will collaborate on manufacturing processes and equipment with expectation that first sales will occur in late 2018​.Corning Inc - ‍Corning will supply glass laminate technologies and Corning willow glass to joint venture​.Corning Inc - ‍joint venture will manufacture panels, which will be used in residential and commercial applications, in Wuhu, China​.  Full Article

Corning ‍has priced ¥78 billion in yen-denominated senior notes​
Friday, 4 Aug 2017 09:00am EDT 

Aug 4 (Reuters) - Corning Inc :Corning Inc - ‍has priced ¥78 billion in yen-denominated senior notes​.Corning-‍ offering consists of ¥21billion of 0.698% senior notes due 2024, ¥47 billion of 0.992% senior notes due 2027, ¥10 billion of 1.583% senior notes due 2037​.  Full Article

Corning Inc reports Q2 GAAP and Core earnings per share $0.42​
Wednesday, 26 Jul 2017 07:15am EDT 

July 26 (Reuters) - Corning Inc :Reg-Corning reports strong second-quarter results.Sees Q3 Optical Communications sales up more than 10 percent.Q2 GAAP net sales $‍2,497​ million versus $2,360 million.Q2 Optical Communications segment GAAP net sales were $ 882​ million versus $782 million.Qtrly ‍GAAP eps $0.42​.Qtrly ‍core eps $0.42.Q2 display technologies segment core sales were $841 million versus $880 million a year ago​.Remains on track to deliver full-year business objectives and strategy and capital allocation framework goals​.Q2 earnings per share view $0.40 -- Thomson Reuters I/B/E/S.Q2 environment technologies segment GAAP net sales were $263 million versus $259 million.In Q3 optical communications sales are expected to be up more than 10% on a year-over-year basis​.In display technologies, in Q3, overall LCD glass market and Corning's volume are expected to increase by a low single-digit percentage sequentially.In environmental technologies, for Q3, sales expected to increase by a low single-digit percentage compared to same period a year ago.In specialty materials, for Q3, sales growth rate is expected to increase by a low-to-mid teen percentage."For year, we anticipate glass demand will be up by a mid-single digit percentage, in line with overall market"​.On track to deliver full-year "strategy and capital allocation framework goals"​.  Full Article

Corning and Stevanato Group enter into new supply agreement
Tuesday, 25 Jul 2017 12:21pm EDT 

July 25 (Reuters) - Corning Inc :Corning and stevanato group enter new agreement to supply new corning valor(tm) glass to the pharmaceutical packaging market.New collaboration agreement focused on supplying corning valor glass to pharmaceutical industry.  Full Article

Corning and Gerresheimer collaborate to deliver new Corning valor(tm) glass to the pharmaceutical packaging market
Monday, 24 Jul 2017 08:30am EDT 

July 24 (Reuters) - Corning Inc ::Corning and Gerresheimer collaborate to deliver new corning valor(tm) glass to the pharmaceutical packaging market.Corning Inc- ‍co, Gerresheimer AG announce that they are accelerating supply of Corning valor glass to pharmaceutical industry​.  Full Article

Corning acquires SpiderCloud Wireless
Wednesday, 19 Jul 2017 04:30pm EDT 

July 19 (Reuters) - Corning Inc :Corning acquires SpiderCloud Wireless.Corning Inc - ‍terms of agreement were not disclosed.​​​.Corning Inc - ‍SpiderCloud will become part of corning optical communications segment​.  Full Article

Owens Corning to acquire Pittsburgh Corning
Monday, 15 May 2017 07:30am EDT 

May 15 (Reuters) - Owens Corning ::Owens corning to acquire high-performance cellular glass manufacturer Pittsburgh Corning.Owens Corning - deal for approximately $560 million.Owens Corning - deal for approximately $560 million in cash, on a cash free and debt free basis.  Full Article

Apple awards Corning first advanced manufacturing fund investment
Friday, 12 May 2017 06:00am EDT 

May 12 (Reuters) - Apple Inc -:Apple awards Corning first advanced manufacturing fund investment.Apple Inc - Apple has committed to investing at least $1 billion with us-based companies as part of fund.Apple Inc - Corning Incorporated will receive $200 million from apple's new advanced manufacturing fund.Apple Inc - investment will support corning's research and development, capital equipment needs.  Full Article

Gorilla Glass fuels Corning's profit, revenue beat

Corning Inc posted its sixth straight quarter of profit and revenue beat as demand remained strong for its flagship Gorilla Glass used in smartphones and its fiber optic products from telecom companies looking to upgrade their networks.