Corning Expects Full-Year Revenue From Gorilla Glass to Reach $1 Billion

Tuesday, 27 Nov 2012 10:05 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Specialty glass maker Corning Inc. said it expects full-year sales of its Gorilla glass, used in smartphones and tablets, to approach $1 billion, pushing its shares up as much as 8 percent before the bell.

Revenue from Corning's specialty materials segment, which includes Gorilla glass sales, totaled $363 million in the third quarter. The unit had revenue of $1.07 billion in 2011.

Corning said it will provide details about its performance at a Credit Suisse conference in Arizona later on Tuesday.

The company also supplies LCD glass to manufacturers such as LG Display Co. Ltd. and Sony Corp.

Corning shares were trading at $12.24, after closing at $11.35 on the New York Stock Exchange on Monday.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved