UPDATE: Corning Posts Higher Q4 Profit

Corning (NYSE: GLW ) reported a gain in its fourth-quarter profit. Corning's quarterly profit surged to $421 million, or $0.30 per share, from $155 million, or $0.10 per share, in the year-ago period. Excluding one-time items, its core earnings climbed to $0.29 from $0.28 per share. Its revenue declined 8.9%