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Corning Expects Q4 Sales to Meet Guidance

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CORNING, N.Y., Jan. 11 -- Corning Inc. said today it expects 2004 fourth-quarter sales to be approximately $1 billion and earnings per share (EPS), before special items, to be between $0.11 and $0.12, which are within the company's previously announced guidance ranges. Corning originally issued fourth-quarter guidance for sales of $950 million to $1 billion and EPS of $0.10 to $0.12, excluding special items, during its quarterly conference call on Oct. 21. Corning's earnings per share estimate is a non-GAAP financial measure as it excludes potential gains and charges. The non-GAAP financial...Read full article

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    Published: January 2005
    Glossary
    liquid crystal display
    An alphanumeric display formed by a layer of liquid crystal material sandwiched between two sheets of glass; a transparent conductive coating on the glass is etched to form the character segments. An applied voltage causes the appropriate segments to darken as the molecules in the liquid crystal change their arrangement.
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