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Speciality glass maker Corning's quarterly net sales rise 23 pct

Post Time:Oct 30,2014Classify:Company NewsView:347

Oct 28 (Reuters) - Speciality glass maker Corning Inc reported a 23 percent rise in quarterly net sales, helped by higher demand for its glass used in TVs and smartphones.

 

The company supplies glass for Apple Inc's iPhones and Samsung Electronics' Galaxy devices, and makes LCD panels for Sony Corp, LG and Lenovo Group , among others.

 

Corning said net sales rose to $2.54 billion in the third quarter from $2.07 billion, a year earlier.

 

Net income rose to $1.01 billion, or 72 cents per share, from $408 million, or 28 cents per share.

 

(Reporting by Abhirup Roy in Bangalore; Editing by Kirti Pandey)

Source: http://finance.yahoo.com/news/speciality-glass-makAuthor: shangyi

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