Corning Inc. continues to experience financial gains

Corning Incorporated (NYSE: GLW) today announced results for first-quarter 2017.
News Summary:

• Strong first-quarter results demonstrate the company’s continued positive momentum. Compared to the first quarter of 2016: GAAP EPS increased $0.43 to $0.07; core EPS rose 39% to $0.39; GAAP and core sales increased 16% and 14% to $2.38 billion and $2.49 billion, respectively
• Solid performance across all business segments highlighted by: sales growth in Optical Communications; continued rapid adoption of Corning^® Gorilla^® Glass 5; and continued glass price moderation in Display Technologies
• Further advancement on Strategy and Capital Allocation Framework initiatives: more than $6.5 billion returned to shareholders since Framework’s introduction in October 2015; technical and commercial progress demonstrated value of focused portfolio
• Year-over-year growth in sales and EPS expected to continue in the second quarter 

“We are very pleased with the excellent performance and growth across all of our businesses this quarter,” said Wendell P. Weeks, chairman, chief executive officer and president. “The strategic and financial benefits of Corning’s cohesive portfolio are becoming even more apparent. We are on track to deliver our 2017 objectives and overall Framework goals. Looking into the second quarter, we expect our momentum to be further demonstrated with year-over-year sales and EPS growth.”