Corning Reports Fourth-Quarter and Full-Year 2015 Financial Results and Progress on New Strategy and Capital Allocation Framework

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Corning (GLW) Tops Q4 EPS by 2c; Sees Glass Volumes Declining in Q1

January 26, 2016 6:52 AM EST

Corning (NYSE: GLW) reported Q4 EPS of $0.34, $0.02 better than the analyst estimate of $0.32. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.33 billion.

Corning provided the following expectations for its business segments in the first quarter of 2016:

Display Technologies: In the first quarter, Corning anticipates that panel maker utilization will continue to decline, which will reduce inventory levels in the supply chain. As a result, the overall glass market and Corning's LCD glass volume are expected to... More