Corning Incorporated (GLW) is providing the following updates on the performance of its business segments in the third quarter ending Sept. 30, 2019, reducing expectations for two – Display Technologies and Optical Communications – and maintaining guidance in its other three. Within Corning’s Display Technologies segment, several panel manufacturing customers have reduced utilization below anticipated levels in the current quarter. Consequently, Corning is reducing its Display volume forecast to a sequential decline of a high-single digit percentage in the third quarter.
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