Corning - First Quarter Results

Corning Inc eported that its 1998 first quarter net income from continuing oeprations, which now excludes the consumer houseware business, totalled US$61.1m, compared with 1997 net income from the same operations of US$85.4m. diluted earnings per share from continuing operations totalled US$0.27, vesus 1997 first quarter diluted earnings per share of US$0.36. the decline in first quarter earnings per share is consistent with Corning's expectations, as announced in January this year. First quarter sales from continuing operations were US$794.8m, compared to 1997 figures of US$817.1m.