Corning
Corning posts $611 million Q2 net income; beats analyst estimates
Submitted by Sumeet Kak on Mon, 07/27/2009 - 17:58.
Demand for glass for flat-screen television has helped specialty glass maker Corning Inc post a second quarter profit of $611 million, or 39 cents per share; thereby beating the average analyst estimates of 32-cents-per-share earnings by the company in the mentioned quarter.
Corning's quarterly revenue figures of $1.4 billion were also better than the $1.36 billion expected by the analysts. The $1.4 billion sales for the quarter also indicated a 41 percent rise over the first-quarter sales of $989 million.
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