Corning said in a account that the unreserved display industry is in a "period of transition," which is forcing the ensemble to rethink its expectations for nurturing and profitability. But CFO Flaws did for an illustration the price declines could stabilize in the second-best quarter. For 2012, he expects the retail deal in for LCD products to burgeon from about 3.2 billion settle feet to 3.6 billion cube feet.
The establishment posted earnings of $491 million, or 31 cents per share, down from $1.04 billion, or 66 cents a share, a year earlier. Excluding a control for its travel spyglass unit, Corning posted proceeds per share out of 33 cents, which met analysts' expectations, according to Thomson Reuters I/B/E/S.
The troop had issued a benefit notice at the end of November. Sales increased 7 percent to $1.89 billion, which edged days analysts' estimates of $1.85 billion. Corning's shares were down 10.4 percent at $13.10 on the New York Stock Exchange on Wednesday.
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