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General

Corning results up on Gorilla Glass, fibre demand

Tuesday 24 January 2017 | 16:28 CET | News
Corning reported higher results for the fourth quarter, led by demand for its Gorilla Glass and optical equipment, helping to offset price pressure in the LCD market. Net sales rose 11 percent year-on-year, and net profit jumped to USD 1.572 billion from USD 224 million a year ago. Core EPS rose 47 percent to USD 0.50. The company attributed the strong results to quick adoption of Gorilla Glass 5 and long-term commitments from optical customers. The Speciality Materials division, which includes Gorilla Glass, grew sales 22 percent year-on-year to USD 336 million, and Optical Communications

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Categories: General
Companies: Corning
Countries: World
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