Glassware Maker Corning Hikes 4Q Outlook

Corning Inc., which makes specialty glass and ceramics, raised its fourth-quarter guidance Tuesday on strong October results, November orders and operating performance in the company's display technologies business.

The company now expects fourth-quarter earnings per share between 38 cents and 40 cents, compared to its previous earnings per share guidance of 36 cents to 38 cents. The projections exclude one-time items, including restructuring, impairment and other charges.

Corning projects quarterly sales between $1.53 billion and $1.56 billion, compared with its original expectation of $1.50 billion to $1.55 billion.

Read Full Article from Houston Chronicle

- Posted: 2007-11-13 10:17:50

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