Corning Announces Second-Quarter Results

Sequential LCD Glass Price ModeratesCORNING, N.Y., July 25, 2012 – Corning Incorporated (NYSE: GLW) today announced its results for the second quarter of 2012.

Second-Quarter Summary Sales were $1.9 billion, essentially even with last quarter, but 5% lower than a year ago. Earnings per share were $0.30.Excluding special items, earnings per share were $0.31,* a 35% year-over-year decline.

  • Display Technologies wholly owned business LCD glass volume declined by mid-single digits on a sequential basis and increased by mid-single digits year over year. Volume at Samsung Corning Precision Materials Co., Ltd. increased by the mid-single digits on a sequential basis, but declined by low-double digits from a year ago.
  • LCD price declines were much more moderate this quarter.
  • Telecommunications sales increased 10% sequentially and were up slightly on a year-over-year basis.
  • Specialty Materials sales, which include Corning® Gorilla® Glass, increased slightly sequentially and 5% year-over-year.
  • Read more>>


    600450 Corning Announces Second-Quarter Results
    Date: 27 July 2012

    See more news about:

    Others also read

    Joint study by Corning and Ford showcases the benefits of using Gorilla Glass for Automotive in windshield applications.   Random stones are one of the biggest reasons windshields need replacing.
    Corning hosts second Glass Summit to inspire new thinking about emerging applications for glass.   Glass experts from Corning, academia, funding agencies, and other facets of the industry meet and discuss the future direction of glass science around the globe.
    Iris™ Glass earns honors for enabling thinner displays with low-color shift - Corning Incorporated’s light-guide plate solution, Iris™ Glass, has received a 2016 Display Component of the Year award from the Society for Information Display (SID).
    Corning Incorporated today announced the results of a recently delivered joint research paper with the Ford Motor Company about the damage resistance of thin, lightweight glass for automotive windshields.
    Corning’s specialty glass is finding myriad new applications in industries such as retail  Corning first introduced its vision for advanced glass technologies back in 2011 with its “A Day Made of Glass” video series.
    Glass Performance Days (GPD) will present a Learning Event entitled "The Art of Modern Glass Architectural Applications" on Thursday 10th March, in co-operation with The Glass Innovation Institute and alongside the Glass Window and Door Expo in Istanbul, Turkey.

    Add new comment