Corning's net income rose to $785 million, or 50 cents a share up from $643 million, or 41 cents a share a year earlier. Excluding one time items adjusted earnings came in at 51 cents a share, just a penny short of Wall Street expectations.
Revenue rose 8% to $1.6 billion from $1.48 billion. Corning expects that glass prices will fall in the single digits during 4Q year-over-year while sales stay flat.
LCD's continue to be a healthy market although demand has not been up to expectations this year.