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Corning Says Profits on Target

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CORNING, N.Y. , May 19 -- Corning Inc. said today it is confident it will meet its targets for second-quarter results and that it still expects to return to profitability by the third quarter. The company said it still expects sales to be in the range of $715 million to $745 million and results in the range of a loss of $0.02 per share to income of $0.01 per share for the second quarter. "I continue to believe that we are on track to meet our goals by the third quarter, if not earlier," said Corning President and COO Wendell P. Weeks. He and Corning Vice Chairman and CFO James B. Flaws will...Read full article

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    Published: May 2003
    AvanexCorningNews & Featuresphotonic technologies

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