Corning Inc GLW 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.
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