Post Time：Apr 29,2011Classify:Company NewsView：514
Specialty glass maker Corning Inc. says its profit fell 8 percent in the first quarter but its revenue surged on robust sales of glass for flat-screen televisions, computer and mobile devices.
The results beat Wall Street expectations. Its shares rose more than 4 percent to $21.50 in pre-market trading.
The world's largest maker of liquid-crystal-display glass reported Wednesday its net income rose to $748 million, or 47 cents per share, in the January-March period. That's down from $816 million, or 52 cents per share, a year earlier.
That was 3 cents a share better than Wall Street expectations measured by FactSet.
It says revenue jumped 24 percent to $1.92 billion from $1.55 billion. Analysts expected $1.8 billion.
Source: http://www.businessweek.com/ap/financialnews/D9MRVAuthor: shangyi
