Corning Result 29/10/2014

Corning Incorporated posted a net profit in Q3 of $1 billion on turnover of $2.5 billion, which compares with a net profit of $408 million on turnover of $2 billion in Q3 a year earlier. Corning’s net profit for the first nine months of the year reached $1.48 billion from $1.54 billion for the corresponding period of last year, while turnover increased to $7.3 billion from $5.8 billion. The Display Technologies segment saw core sales increase 62% year on year to $1.1 billion, while profit for the quarter was 14% higher. LCD glass volume grew by a high-single-digit percentage sequentially and as expected, price declines moderated. Core sales in Corning