Corning Result 27/01/2016

By Dhruv Dayal Gupta
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Corning reported Q4 and full year 2015 financial results, with Q4 net sales at $2.2 billion, down just under 9% YoY. EPS was $0.17, down nearly 75% YoY. Net sales for the full year were $9.1 billion, down 6.2% YoY from $9.8 billion. EPS for the same period was reported at $1, down 42% YoY from $1.73. The Display Technologies segment sales declined due to lower selling prices and volumes alike.