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Corning: Q1 Earnings Snapshot

CORNING, N.Y. (AP) — CORNING, N.Y. (AP) — Corning Inc. (GLW) on Tuesday reported first-quarter profit of $371 million.

The Corning, New York-based company said it had profit of 43 cents per share. Earnings, adjusted for non-recurring costs, were 70 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 70 cents per share.

The specialty glass maker posted revenue of $4.14 billion in the period. Its adjusted revenue was $4.35 billion, which topped Street forecasts. Three analysts surveyed by Zacks expected $4.27 billion.

For the current quarter ending in June, Corning expects its per-share earnings to range from 73 cents to 77 cents.

The company said it expects revenue in the range of $4.6 billion for the fiscal second quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLW at https://www.zacks.com/ap/GLW

ING: Q2 Earnings Snapshot

AMSTERDAM (AP) — AMSTERDAM (AP) — ING Groep NV (ING) on Thursday reported net income of $2.26 billion in its second quarter. The Amsterdam-based bank said it had earnings of 79 cents per share. The financial services provider posted revenue of $7.31 billion in the period. Its revenue net of interest expense was $7.31 billion, surpassing Street forecasts. _____
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