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Corning Nearly Doubles Profit

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CORNING, N.Y., Oct. 25 -- Corning Inc., citing the industry's high demand for fiber and cable, reported that its profit in the third quarter increased to $254 million, or 28 cents a share compared with $142 million, or 18 cents a share last year. For the three months ended September 30 profits reached $317 million, or 35 cents a share, not including onetime items, the company said. This is an increase compared with $148 million, or 19 cents a share, for the same 1999 period. Sales were $1.9 billion, an increase of 54 percent from &$46;1.25 billion for the third quarter of...Read full article

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    Published: October 2000
    News & Features

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