Both Corning's profit per share and revenue beat Wall Street expectations, however.Retail sales of liquid-crystal-display TVs remained strong worldwide in the third quarter and "this helped pull a significant amount of product through the supply chain," Corning's chief financial officer, James Flaws, said in a conference call with analysts."Arial">"We anticipate the strong retail environment to continue in the fourth quarter" along with a gradual slide in glass prices, Flaws said. "We do not view gradual panel price declines ... as a negative."
Its shares slipped 14 cents to close at $15.51. The stock has traded in a 52-week range of $7.36 to $17.20.
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