The company’s gross margin increased to 43 percent, up from 42 percent a year earlier and exceeding the company’s own forecast of 41 percent.
The automobile and building industries also offered plenty of opportunities, he said.Ĭhief Financial Officer Jim Flaws said Corning had taken decisive action to hedge against the recent sharp depreciation of the yen against the dollar, capping the company’s exposure at 93 yen to the dollar. that actually would double the size of the market that would be available for Gorilla Glass,” Senior Vice President Tony Tripeny told Reuters. “If the market were to move to ‘touch’ in notebook. The company said on Wednesday it expected sales in its specialty materials business to increase by 15 to 20 percent in the current quarter, compared with the first quarter, as demand for scratch-resistant Gorilla Glass increases.Īpple Inc's AAPL.O iPhones and iPads, Samsung Electronics Co's 005930.KS Galaxy Note products and Nokia's NOK1V.HE Lumia phones are among products that use Gorilla Glass.
#Angry gorilla hits window Pc#
(Reuters) - Specialty glass maker Corning Inc's GLW.N first-quarter profit beat analysts' estimates, helped by demand for its Gorilla Glass used in smartphones and tablets, as the company looks to touch-screen PC notebooks for its next phase of growth.Ĭorning shares rose as much as 5 percent in morning trading on the New York Stock Exchange, adding to the 7 percent increase in the three months to Tuesday’s close.
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