Extract
Corning Announces Fourth-Quarter Results.
Company achieves record results in 2006 Highlights LCD and diesel products growth for 2007
CORNING, N.Y. -- Corning Incorporated (NYSE:GLW) today announced fourth-quarter sales of $1.37 billion and net income of $646 million, or $0.41 per share. The net income includes net after-tax special gains of $158 million, or $0.10 per share. Excluding these special gains, Corning's fourth-quarter net income would have been $488 million, or $0.31 per share, which exceeded the company's guidance for the quarter and also the consensus of Wall Street estimates as compiled by Thomson/First Call. These are non-GAAP financial measures. These and all non-GAAP financial measures are reconciled on the company's investor relations Web site and in attachments to this news release. "Our excellent fourth-quarter results capped an outstanding full-year performance for Corning," Wendell P. Weeks, president and chief e...See the full content of this document
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