Ceramic Industry News

Corning Expects Fourth Quarter Results To Meet Guidance

Corning Inc. recently said that 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 October 21. Speaking before financial analysts and investors at the recent Needham Growth Conference in New York City, James B. Flaws, vice chairman and chief financial officer, told investors, "We continue to be pleased with the strength in our telecommunications segment, due primarily to sales to Verizon for its fiber-to-the-premises buildout."

The company will host a fourth quarter conference call at 8:30 a.m. on January 26. To access the call, dial (630) 395-0018. The password is Earnings. A replay of the call will begin at approximately 10:30 a.m. and will run through 5 p.m., February 9, 2005. To listen, call (203) 369-0275 (no pass code is required). To listen to a live audio webcast of the call at 8:30 a.m. on January 26, visit http://www.corning.com/investor_relations and follow the instructions. The audio webcast will be archived for one year following the call.

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