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Technology Stocks : Corning Incorporated (GLW) -- Ignore unavailable to you. Want to Upgrade?

To: Curtis E. Bemis who wrote (518)	4/24/2000 6:17:00 PM
From: t2	Read Replies (1) \| Respond to of 2260

First quarter earnings = 64 cents while pro forma is 68 cents. Read the press release. The following should answer your question. This was an awesome quarter---period!! corning.com "The company reported first-quarter earnings of $0.64 per share before special items, an increase of 78%, compared with $0.36 per share in 1999. Income for the first quarter of 2000 totaled $178.1 million before special items, an increase of 93%, as compared with $92.5 million in 1999 The company reported first-quarter 2000 pro forma net income per share of $0.68, an increase of 79%, compared with $0.38 per share in the first quarter of 1999. Pro forma net income was $188.3 million in first quarter 2000, an increase of 92% as compared with $97.9 million in the same period of 1999. Pro forma earnings exclude amortization of purchased intangibles and goodwill, purchased in-process R&D, one-time acquisition costs, discontinued operations and other non-recurring items. Going forward, Corning will report pro forma earnings as its primary performance measure.