WASHINGTON (dpa-AFX) - Corning Inc. (GLW), a manufacturer of display
technologies, on Tuesday reported lower earnings and revenue for the third
quarter. The results missed estimates. The company also provides its outlook for
the fourth quarter.

Quarterly net income decreased 21 percent to $164 million or $0.19 per share
from $208 million or $0.24 per share for the same period last year.

Excluding items, earnings fell 12 percent to $386 million or $0.45 per share
from $438 million or $0.51 per share of the previous year.

On average, 11 analysts polled by Thomson Reuters expected earnings of $0.47 per
share for the year. Analysts' estimates typically exclude special items.

Net revenues declined 9 percent to $3.173 billion from $3.488 billion in the
prior year.

Adjusted revenues decreased 6 percent to $3.459 billion from $3.666 billion last
year.

The Street estimate for revenue is $3.5 billion.

Looking forward to the next quarter, the company expects adjusted earnings per
share in the range of $0.37 to $0.42 and fourth-quarter adjusted revenue of
around $3.25 billion.

In pre-market activity, Corning shares are trading at $25.65 down 4.75% on the
New York Stock Exchange.



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