Corning reported overall Q1 20011 sales of $1.9 billion, increasing 9% sequentially and 24% year over year. Earnings per share were $0.47, a 2% sequential increase, but a 10% decline year over year.
Telecommunications segment sales were $474 million, a 7% sequential increase and 30% year-over-year improvement. Sequential sales for the quarter increased across most of the segment’s major product areas with significant demand for the company’s fiber-to-the-home solutions. Corning noted that its optical fiber volume in March was higher than any other month in its history.http://www.corning.com
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Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
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