Corning Inc. Q1 Report
Corning Incorporated released the numbers for the first quarter of 2014.
April 28, 2014
CORNING (WENY) -- The Twin Tiers largest employer showed a strong first quarter. Corning Incorporated released the numbers for the first quarter of 2014.
The company saw another year of year-over-year growth. Core sales went up to $2.4 billion, according to a company release. However, earnings per share saw a significant drop, from 33 cents to 20 cents per share from this time last year.
The company's core earnings was up 7% from 2013. That's a 32% increase from this same quarter last year. Net sales were $2.3 billion, a 26% increase on a year-over-year basis. Corning Inc. Spokesman Dan Collins says it was a quarter that made the company optimistic for a very successful 2014 overall.
"Overall optical communications, environmental technologies business, gorilla glass was strong and our LCD business was strong so slow but steady and we're very pleased with the results," said Collins.
Sales of Corning's Display technologies, saw core sales at a billion dollars, up 58% from this time last year. They company also saw gains in Optical Communications, Environmental Technologies, and Life Sciences.