Corning profits down in 1Q12

Corning profits down in 1Q12: Corning has reported first-quarter 2012 revenues of US$1.9 billion, a 2% increase sequentially but a slight decrease of 0.2% from a year ago. Net profits totaled US$462 million in the first quarter of 2012, down 6% from US$491 million in the fourth quarter of 2011 and down 38% from US$748 million in the first quarter of 2011.