Corning Inc. said today it expects to meet the second quarter guidance it has previously announced.

The NY based materials and components supplier expects revenue between $715 million to $745 million and earnings from 1 cent per share to a net loss of 2 cents per share. These results include previously announced restructuring charges, the loss on the sale of the company's Photonic Technologies business, and gains from the repurchase of $834 million in debt through a tender offer.

Corning's CEO James Flaws said the company expects to regain profitability by the third quarter and show positive earnings for the full year during an investor conference in Massachusset.

By: DocMemory
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