Corning earns $748M in 1Q on TV glass demand (AP)
Wednesday, April 27, 2011 5:01 AM By dwi
ROCHESTER, N.Y. – Specialty render concern Corning Inc. says its acquire fell 8 proportionality in the prototypal quarter but its income surged on robust income of render for flat-screen televisions, computer and mobile devices.
The results vex Wall Street expectations. Its shares chromatic more than 4 proportionality to $21.50 in pre-market trading.
The world's maximal concern of liquid-crystal-display render reportable weekday its net income chromatic to $748 million, or 47 cents per share, in the January-March period. That's downbound from $816 million, or 52 cents per share, a assemblage earlier.
That was 3 cents a deal better than Wall Street expectations measured by FactSet.
It says income jumped 24 proportionality to $1.92 1000000000 from $1.55 billion. Analysts expected $1.8 billion.
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