Corning Incorporated’s (GLW) Board of Directors today declared a quarterly dividend of $0.22 per share on the company’s common stock. This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially.

Corning Inc. said Wednesday its chief executive will take a 40% cut in base salary as the specialty glass company moves to combat the effect of the coronavirus pandemic. The company's named executive officers salaries will be reduced by 30%, while the cash compensation of its non-employee directors will be cut by 40%, Corning said in a regulatory filing. "Additionally, the company is taking action to reduce the salaries, from 5% to 30%, for all other salaried employees in the United States from June 1, 2020 through December 31, 2020," said the filing. Similar actions will be taken outside the U.S., based on local regulations and mutual consent requirements. The company will issue equity to its employees in the form of restricted stock units and stock options in an amount equal to the salary cut. Shares were up 0.5% premarket, but are down 28% in the year to date, while the S&P 500 has fallen 10%.

In a release issued under the same headline earlier today by Corning Incorporated (GLW), please note that the dateline for the release was incorrectly noted, due to a system error. Corning Incorporated’s (GLW) Board of Directors on April 30, 2020 declared a quarterly dividend of $0.22 per share on the company’s common stock. This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially.

Headwinds in the Optical Communications and Display Technologies business segments are likely to get reflected in Corning's (GLW) first-quarter 2020 results.

Moody's Investors Service, ("Moody's") has changed the outlook for Corning Incorporated ("Corning") to negative from stable and affirmed all ratings, including Corning's Baa1 senior unsecured debt rating. "Corning has allowed leverage to climb well above historical and expected levels for the rating" says David Berge, Moody's Senior Vice President and lead analyst for the company.

Corning (GLW) delivered earnings and revenue surprises of 17.65% and 0.82%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

GLW earnings call for the period ending March 31, 2020.

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Within each Market-Access Platform, Corning (GLW) harnesses a combination of three core capabilities as well as four manufacturing and engineering platforms to bring value to customers.

While Verizon (VZ) beats on first-quarter earnings on wireless product capabilities, Corning (GLW) surpasses earnings estimates on core portfolio strength.

CORNING, N.Y. , April 28, 2020 -- Corning Incorporated (NYSE: GLW) today announced results for first-quarter 2020. GAAP sales were $2.4 billion; core sales were $2.5.

Corning's (GLW) first-quarter 2020 results reflect the material impact of changing market in the Optical Communications, Display Technologies and Environmental Technologies segments.

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Shares of Corning (NYSE:GLW) moved higher by 3% after the company reported Q1 results.Quarterly Results Earnings per share fell 50.00% over the past year to $0.20, which beat the estimate of $0.17.Revenue of $2,529,000,000 less by 11.26% year over year, which beat the estimate of $2,440,000,000.Outlook Corning hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Apr 28, 2020View more earnings on GLWTime: 10:04 AM ETWebcast URL: https://edge.media-server.com/mmc/p/65o8fta2Price Action 52-week high: $34.2652-week low: $17.44Price action over last quarter: down 20.01%Company Overview Corning is a leading supplier of advanced glass substrates used in LCDs, optical fiber, ceramic substrates, and a variety of other materials science products. Corning operates in five segments: display technologies, optical communications, environmental technologies, specialty materials, and life sciences. Although headquartered in New York, the company's operations and geographic reach span the globe, with most of Corning's revenue generated in Asia-Pacific.See more from Benzinga * Recap: TransUnion Q1 Earnings * Southwest Airlines: Q1 Earnings Insights * Recap: Zebra Technologies Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Q1 2020 Corning Inc Earnings Call

Corning Incorporated (GLW) today announced that, due to the public health and safety concerns related to the coronavirus (COVID-19) pandemic and recommendations and orders from federal and New York State authorities, the location of the Annual Meeting of Shareholders of Corning Incorporated (the “Annual Meeting”) has been changed to a virtual format only. As described in the proxy materials for the Annual Meeting previously distributed, you are entitled to participate in the Annual Meeting if you were a shareholder as of the close of business on March 2, 2020, the record date. To be admitted to the virtual Annual Meeting at virtualshareholdermeeting.com/GLW2020, you must enter a valid control number found on your proxy card, voting instruction form or notice previously received.

Wall Street shrugs its shoulders on reports of delays for new iPhones.

Corning Incorporated announced on Wednesday that it is reorganizing its operating structure based on extensive analysis and leadership review. The new structure aligns executive management and business teams around five Market-Access Platforms (MAPs): Mobile Consumer Electronics, Optical Communications, Automotive, Life Sciences, and Display. Corning’s MAPs are built to serve well-defined market ecosystems.