UPDATE: Corning Posts Decline In Q4 Earnings

Corning Inc

reported a decline in its fourth-quarter earnings. Corning's quarterly earnings fell to $491 million, or $0.31 per share, from $811 million, or $0.51 per share, in the year-earlier period. Its revenue fell 9% to $1.9 billion from $2.1 billion. Corning's adjusted earnings came in at $0.33 per share. However, analysts were expecting earnings of $0.33 per share on revenue of $1.8 billion. Corning shares fell 5.20% to $13.86 in pre-market trading.