Thursday, July 26, 2012

Corning's Telecom Sales Rose 10% Sequentially in Q2

Last week, Corning reported its telecommunications segment sales were $559 million, a 10% sequential and 2% year-over-year increase. The sequential gain was driven by stronger optical fiber and cable products and enterprise network solutions sales. North America and China were the most robust geographies for Corning’s Telecommunications segment.

Looking forward, Corning said that it expects telecommunications segment sales to be consistent with the previous quarter and consistent with normal seasonal trends. Corning expects sales of optical fiber and cable in China to remain strong.