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General

Corning posts Q1 loss on revenues down 15%; withdraws guidance on uncertain outlook

Tuesday 28 April 2020 | 14:45 CET | News
Corning reported a net loss of USD 96 million for the first quarter, compared to a profit of USD 499 million a year earlier, as the company suffered from the slowdown in the display market and reduced demand for optical equipment. Adjusted EPS halved to USD 0.20, and revenues fell 15 percent year-on-year to USD 2.39 billion. Corning withdrew its guidance for the full year due to the uncertain impact of the Covid-19 crisis. 

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Categories: General
Companies: Corning
Countries: World
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