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Fiber, Photonics Drive Corning Earnings Growth

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CORNING, N.Y., April 15 -- Corning Incorporated credits demand for optical fiber and photonics products with helping to lift 1999 first quarter earnings to $0.36 per share, an increase of 33 percent over the $0.27 per share earnings for the same period in 1998. Net income for the first quarter of 1999 totaled $86.5 million, an increase of 39 percent over last year's first quarter income of $62.1 million. First quarter sales were $892 million, increasing 12 percent over 1998 first quarter sales of $795 million. This sales growth was driven by gains in the optical fiber and cable and photonic...Read full article

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    Published: April 1999
    fiber opticsNews & Features

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