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Corning Q3 Profit Falls; Plans To Return More Than $10 Bln To Shareholders

(RTTNews.com) - Corning Inc. (

) reported that its net income for the third-quarter 2015 plunged from last year. The company plans to deploy over $20 billion of capital through 2019 with the majority expected to come from operating cash flow.

"The weakening global economy, particularly in China, and the stronger U.S. dollar impacted all of our businesses," Tony Tripeny, senior vice president and chief financial officer, said.

Net income available to common stockholders for the quarter fell to $188 million and $0.15 per share from last year's $1.01 billion and $0.72 per share.

Core earnings per common share declined to $0.34 from $0.37 last...


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