By Dave Sebastian

Corning Inc. (GLW) updated its expectations for declines and growth in certain segments.

The glass company said it sees its display-technologies segment's pricing declining by a low-single-digit percentage for the full year, compared with its previous guidance of a low-to-mid-single-digit percentage decline. Corning said it continues to expect display-glass volume to grow slightly.

For its environmental-technologies segment, Corning said it sees sales growing in the mid-teens percentage for the full year, compared with its previous outlook of a low-teens percentage growth.

Corning said it expects life-sciences sales to grow by a mid-single-digit percentage in the fourth quarter year over year and this year.

The company backed its sales-growth decline outlook of 3% to 5% in its optical-communications segment this year compared with 2018. For specialty materials, Corning said it expects full-year sales growth despite what it described as a maturing smartphone market.

Corning shares rose 2.09% premarket.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

October 29, 2019 09:06 ET (13:06 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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