Corning Provides Early Update on Third-Quarter Performance
Corning Incorporated (GLW)
Last corning incorporated earnings: 4/28 07:15 am
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US:NYSE Investor Relations:
corning.com/worldwide/en/about-us/investor-relations.html
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Source: GlobeNewswire
CORNING, N.Y., Sept. 16, 2019 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) is providing the following updates on the performance of its business segments in the third quarter ending Sept. 30, 2019, reducing expectations for two – Display Technologies and Optical Communications – and maintaining guidance in its other three. Display Technologies Segment UpdateWithin Corning’s Display Technologies segment, several panel manufacturing customers have reduced utilization below anticipated levels in the current quarter. Consequently, Corning is reducing its Display volume forecast to a sequential decline of a high-single digit percentage in the third quarter. For the full year, the company now expects display glass volume to be up slightly and to outperform the overall glass market, driven by the company’s ramp-up of its Gen 10.5 manufacturing capacity. Corning’s expectations for full-year 2019 glass prices are unchanged. The company continues to expect third-quarter prices to b
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