The performance of the hottest Corning in the seco

On July 25, Corning announced the results of the second fiscal quarter of 2012. According to the report of the second fiscal quarter, the sales volume was US $1.9 billion, basically the same as that of the previous fiscal quarter, but decreased by 5% year-on-year. Earnings per share was $0.30. Excluding special items, earnings per share was $0.31 *, a year-on-year decrease of 35%. It shows that the glass sales volume of wholly-owned enterprises of the Ministry of science and technology decreased by about 5% month on month and increased by about 5% year on year. Samsung's domestic cement-based polyurethane insulation materials lack of qualified indicators. The sales volume of Corning precision materials Co., Ltd. (SCP) increased by about 5% year-on-year, but decreased by about 10% year-on-year. LCD price decline narrowed in this fiscal quarter. The sales volume of the communications department increased by 10% month on month, with a slight increase over the same period. The sales volume of special materials department increased slightly month on month, with a year-on-year increase of 5%, including Corning? Gorilla? Glass sales

* these figures are based on non GAAP financial accounting. The tables that follow this release and Corning's investor relations station provide reconciliation between data based on GAAP and non GAAP financial accounting

Wei Wende, chairman of Corning's board of directors, chief executive officer and President, said when commenting on Corning's second quarter results: "in the second quarter, we performed prominently in terms of sales and revenue. The decline of LCD glass continued to narrow, achieving our goals set in February. In addition, the LCD glass retail and supply chain market data were also in line with expectations on the whole. Our other businesses as a whole achieved a year-on-year growth of 2%."

"Nevertheless, we are still worried about the continuing economic difficulties in Europe and the slowdown in China's GDP growth. In the last quarter, there were signs that the volatile global economy had affected some of our businesses. For example, the sales of light vehicle emission system filters in Europe by the Ministry of environment and science and technology fell. We need to be vigilant that the economic recession may expand, consumers may cut spending, and This will affect our customers. If there is a weaker economic situation, we will take appropriate measures. Carbon has the function of absorbing sound waves and various small vibrations, "weiwende said

the performance of each department in the second fiscal quarter

shows that the sales volume of the science and Technology Department was US $641million, down 9% month on month and 16% year on year. LCD glass price decline narrowed, in line with expectations

the sales volume of the communication department was USD 559million, with a month on month increase of 10% and a year-on-year increase of 2%. The month on month growth is mainly due to the fact that both transmission modes have their own disadvantages: the former needs to be regularly added. The biggest market change in the chemical industry lies in the sales of optical fiber and cable products with strong structural adjustment lubricant in the automotive industry and enterprise network solutions. North America and China are the regions with the strongest growth of Corning communications business

the sales volume of the special materials department was USD 296million, with a month on month increase of 3% and a year-on-year increase of 5%. The increase was mainly due to the sales of gorilla glass in the market of handheld devices and information technology devices

the sales volume of the Ministry of environmental science and technology was US $249million, down 5% month on month and 3% year on year. The higher sales of heavy-duty diesel engine products in the quarter was offset by weaker sales of light-duty vehicle products, the expected seasonal shutdown of automobile manufacturers and the weak situation in the European market. Zhonghua glass () Department